How to account for dissolution or liquidation of partnership

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Research examples of different methods that partnerships can use to allocate net income to the partners, and research the topics of partnership dissolution or partnership liquidation When you've completed your research, provide at least one example of how income may be allocated among partners. Next, include the journal entries you believe would be needed to allocate the partnership income to each partner's capital account. Finally, summarize what you have found regarding how to account for the dissolution or liquidation of a partnership.

Reference no: EM131258843

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