The cash flow that related to the going concern of the company is Select one: a. operating cash flow b. financing cash flow c. None of the other answers d. investing cash flow Which of the following partnership characteristics is a disadvantage? Select one: a. Voluntary association b. Participation in partnership income c. Unlimited liability d. Co-ownership of partnership property. Next page 35 On January 1, 2019, ABC Company purchased a computer system for $28,000, the company expects to use the system for 4 years, the asset has no residual value, what is the balance of the Accumulated Depreciation account at December 31, 2019? ut of Select one: a. $5,400 b. $7,000. c. $28,000. d. $14,000 Next page ion 37 t red Equipment was purchased for $85,000 on January 1, 2016. It is estimated that the equipment will have a $15,000 residual value at the end of its 5-year useful life, what is the amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used? out of n Select one: a. $14,300 b. $28,600 c. $28,000 d. $16,700 stion 40 et Bred Faisal and Ahmed decide to organize a partnership, Faisal invests 25,000 cash, equipment having a book value of 10,000 and a fair value of 15,000, and accounts payable 5,000, choose the entry to record Faisal investment in the partnership. ed out of 9 an Select one: a. Cash debit 25,000, Equipment debit 15,000, and Falsal, Capital credit 40,000 b. Cash debit 25,000, Equipment debit 10,000, Accounts payable credit 5000 and Faisal, Capital credit 30,000 C. Cash debit 25,000, Equipment debit 15,000, Accounts payable credit 5000 and Faisal, Capital credit 35,000 d. Cash debit 25,000, Equipment debit 15,000, Accounts payable debit 5000 and Faisal, Capital credit 45,000 s page Finish attempt