Question
The book value of the non cash assets of KLM partnership is $100,000. In liquidation, the partnership sells the non cash assets for $130,000. Which
The book value of the non cash assets of KLM partnership is $100,000. In liquidation, the partnership sells the non cash assets for $130,000. Which of the following journal entry is needed to journalize the sale of the non cash asset?
a. Debit cash for $100,000
b. Credit non cash assets for $130,000
c. Credit cash for $130,000
d. Credit non cash assets for $100,000
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How To Prepare Perform And Pass An ISO 9001 2015 Audit
Authors: Rhys J Mitchell
2020 Edition
B085KBSW66, 979-8618615969
