Question:Which of the Following statements about partnership financial statement s is true? 

A Details of the distribution  of net income are shown in the owners  equity statement . 
B The distribution of net income is shown on  the balance sheet. 
C Only the total of all partner capital  balances is shown in the balance sheet. 
D The owner's equity statement is called the partners' capital statement. 

+ Answer
D 

+ Report

Mohammad Jahidul Islam

Editor, VCampus

Your Name

Your Email

Type of Report
Spelling MistakeIncorrect AnswerGrammar MistakeContent MissingImproper Text FormatInsufficient AnswerDuplicate QuestionImproper Sentence StructureImproper Equation/FormulaOther

Description