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Question 9 5 points Save Answer D,E and Fare partners with capital balances of 25000 each. The partnership shares income and losses equally in the
Question 9 5 points Save Answer D,E and Fare partners with capital balances of 25000 each. The partnership shares income and losses equally in the ratio of 1:1:1. F withdraws from he partnership. What in the entry on the partnership's books if F sells his interest to G who pays F 50000 for F's partnership interest? A. Dr. F Capital 50000; Cr. G Capital 50000 B. Dr. G Capital 50000; Cr. F Capital 50000 C. Dr. F Capital 25000; Cr. G Capital 25000 D. Dr. G Capital 25000; Cr. F Capital 25000 E. None of above Question 10 What type of account dividend payable--common? A. Asset B. Liability C. Long-term liability D. Equity-Withdrawal E None of the above
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