Reference no: EM132934113

Problem 1: Among the choices, what adjustment is not adjusted in computing the interest of the retiring or withdrawing partner that is usually measured by his capital balance before his retirement or withdrawal?

Option 1: errors in net income in prior years

Option 2: changes in the valuation of all assets and liabilities

Option 3: profit or loss after the date of the partner's withdrawal or retirement

Option 4: profit or loss from the operation from the last closing date of the date of his retirement or withdrawal