The Key Difference Between a Partnership Income Statement and a Standard

question 88

Multiple Choice

The key difference between a partnership income statement and a standard business income statement is that the partnership income statement:

• A)is split into separate columns,one for each partner.
• B)does not show sales revenues.
• C)shows the distribution of profit/(loss)to each partner below the profit/(loss)line.
• D)shows the division of each expense into partners' respective interests.

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