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i am thinking this one is D) The equity of a partnership of $150,000 is equally shared by Partners A, B and C. Partner A
i am thinking this one is D)
The equity of a partnership of $150,000 is equally shared by Partners A, B and C. Partner A wishes to leave the partnership. Which of the following is true of the transaction to remove Partner A from the partnership? Select one: a. Partner A will receive cash from the remaining partners, and Partner A' capital account will be transferred to the remaining partners b. Partner A will receive cash from the partnership, and Partner A's capital account will be recorded as revenue c. None of the available options d. Partner A will be removed from the partnership agreement, and Partner A's capital will be written offStep by Step Solution
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