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    Fundamental Accounting Principles Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    The Statement of Changes in Partners' Equity Shows the Beginning
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The Statement of Changes in Partners' Equity Shows the Beginning

Question 143

Question 143

True/False

The statement of changes in partners' equity shows the beginning balance in retained earnings, plus investments, less withdrawals, plus the income (or less the loss) and the ending balance in retained earnings.

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