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x 1. Debit side of joumal entry for sale of equipment is equipment account Select one: True False 2. If a partner's investment in a

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x 1. Debit side of joumal entry for sale of equipment is equipment account Select one: True False 2. If a partner's investment in a partnership consists of equipment that has accumulated depreciation of $8,000, it would not be appropriate for the partnership to record the accumulated depreciation Select one: True False 3.Sameer and Sami are two partners in partnerships divided profit loss 5.3 respectively, at the year ended 2018 the net income of the partnership $ 60,000 if Sameer received $ 40,000 Bonus and Sami received $ 4000 salary for managing the partnership what are the share of Sami from remaining profit Select one a. 10,000 profit b. 6.000 loss c. 6.000 profit d. 10,000 loss

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