True o False Total partners' equity of a partnership is equal to the sum of all partners' capital account balances. Callable preferred stock gives the stockholder the right to sell the stock to the issuing corporation at specified future dates and prices. In an admission of a partner by investment of assets, the total net assets and total capital of the partnership do not change The Best Choise Arnaldo is admitted to a partnership with a 25% capital interest by a cash investment of $150,000. If total capital of the partnership is $650,000 before admitting Arnaldo, the bonus to Arnaldo is a. $50,000. b. $25,000. c. $75,000 d. $100,000 In the liquidation of a partnership, the gains and losses from assets sold are a divided equally among the partners. b. divided among the partners in the stated income ratio. c. divided among the partners in proportion to their capital equity interests. d. ignored