Which of the Following Is True of a Partnership Balance

question 31

Multiple Choice

Which of the following is true of a partnership balance sheet?

• A)Each partner's assets will be shown separately.
• B)Each partner's liabilities will be shown separately.
• C)Each partner's equity will be shown separately.
• D)Each partner's assets,liabilities,and equity will be shown separately.

---

Definitions:

Myelinated Axons

Nerve fibers covered with myelin, a fatty substance that insulates the axon and speeds up the transmission of nerve impulses.

Central Nervous System

The complex of nerve tissues that controls the activities of the body, comprising the brain and spinal cord.

Cortices

The outer layers or regions of an organ or structure, such as the cerebral cortex in the brain or the cortex of plant roots and stems.

Cerebrum

The largest part of the brain responsible for voluntary activities, intelligence, memory, and emotional responses.