Which of the following procedures is not necessary in effecting a dissolution? Revising the partners’ equity. Recognizing undistributed profit or loss share of the partners at dissolution date. Revaluing partnership assets. Closing the partnership books.
Which of the following procedures is not necessary in effecting a dissolution? Revising the partners’ equity. Recognizing undistributed profit or loss share of the partners at dissolution date. Revaluing partnership assets. Closing the partnership books.
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 7MC: Which one of the following would not be considered in the development of a partnership agreement? A....
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Which of the following procedures is not necessary in effecting a dissolution?
Revising the partners’ equity.
Recognizing undistributed profit or loss share of the partners at dissolution date.
Revaluing
Closing the partnership books.
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