What account is not used on a partnerships books the ret earmings acceunt all of

Question

What account is not used on a partnerships books the ret earmings acceunt all of these nccounts are utilized on a partmership'sbcks 7 Which section would the following items appear on the cash flow staterment? operating b. Investing Finaneing d. None of the above 17. Net Income 18. Loss on Sale of Equipment 19. Purchase of new equipment 20. Accounts Receivable decreased by $45,000 21. Issuance of Common Stock se the following information to answer questions 22 through 24 n January 1, 2018 the IMB Corporation issued 10 year, 83 bonds with a 00 for $450 000. Interest is payable semi-annually ace value of $400,0 cember 31. . The entry IMB Corporation y eand January 1. The accounting year ends on OG would make on January 1, 2018 is: a. Cas 450,000 Bonds Payable 450,000 b. Cash 400,000 Bonds Payable 400,000 c. Cash 450, 000 50,000 400,000 Discount on Bonds Bonds Payable d. Cash 450,000 Bonds Payable Premium on Bonds 400,000 50,000

Explanation / Answer

option c) Retained earnings 17) net income -   operating 18) loss on sale of Equipment --operating 19) purchase of new equipment ---investing 20) Accounts receivable decreased by $45,000----operating 21) issuance of common stock ----financing 22) option d Cash 450,000 Bonds payable 400,000 Premium on bonds 50,000

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