Which of the Following Items Does Not Appear on the Balance

question 75

Multiple Choice

Which of the following items does not appear on the balance sheet of a partnership?

• A) Accounts Receivable
• B) Equipment
• C) Accounts Payable
• D) Income tax payable

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Definitions:

Hypergeometric Formula

A statistical formula used to calculate probabilities without replacement for finite populations.

Without Replacement

A sampling method where each selected unit is not returned to the population before the next draw.

Characteristic

A trait or feature that defines or distinguishes a person, object, or phenomenon from others.

Probability

A measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1.