Which of the following is false regarding a partner withdrawal? Multiple Choice When a withdrawing partner takes less than the recorded value of their equity, they are essentially receiving a bonus from remaining partners. When a partner withdraws, it is possible that no bonus is paid to the withdrawing partner nor to the remaining partners. When a withdrawing partner receives more than the recorded value of their equity, they are in effect receiving a bonus. receiving a bonus from remaining partners. When a partner withdraws, it is possible that no bonus is paid to the withdrawing partner nor to the remaining partners. When a withdrawing partner receives more than the recorded value of their equity, they are in effect receiving a bonus. One way a partner can withdraw from a partnership is by selling their interest to another person in exchange for cash or other assets. A partner's death dissolves a partnership. James, Evan, and Kimberly are partners and share income and losses equally. The partnership's capital balances are James, $24,000; Evan, $36,000; and Kimberly, $45,000. Charlie is admitted to the partnership on July 1 with 10% equity and invests $15,000. The journal entry to record Charlie's admission into the partnership would contain a Multiple Choice Debit to Capital, Kimberly for $1,000. Credit to Cash for $15,000 Credit to Capital, Evan for $1,000