short answers

When a corporation reacquires its own shares of stock, the Treasury Stock account is usually debited for which value or price?

If no other method of dividing net income or net losses is specified in the partnership agreement, how is it divided?

31. The partners' salary and interest allowances are recorded in which accounts?

32. The general ledger of a partnership will

A. not contain a separate drawing account for each partner.

B. contain one capital account that reflects the total equity of all partners.

C. not contain a capital account or accounts.

D. contain a separate capital account for each partner