Using the internet (with citations), research examples ofdifferent methods that partnerships can use to allocate net incometo the partners, and research the topics of partnership dissolutionor partnership liquidation
When you've completed your research, provide at least one exampleof how income may be allocated among partners. Next, include thejournal entries you believe would be needed to allocate thepartnership income to each partner's capital account.
Finally, summarize what you have found regarding how to account forthe dissolution or liquidation of a partnership.
Be sure to provide the references to your sources and minimize theuse of direct quotes from your sources (no more than 20% of yourpost should contain direct quotes, although ideally, you shouldparaphrase what you have found using your own words
Using the internet (with citations), research examples ofdifferent methods that partnerships can use to allocate net incometo the partners, and research the topics of partnership dissolutionor partnership liquidation
When you've completed your research, provide at least one exampleof how income may be allocated among partners. Next, include thejournal entries you believe would be needed to allocate thepartnership income to each partner's capital account.
Finally, summarize what you have found regarding how to account forthe dissolution or liquidation of a partnership.
Be sure to provide the references to your sources and minimize theuse of direct quotes from your sources (no more than 20% of yourpost should contain direct quotes, although ideally, you shouldparaphrase what you have found using your own words
