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Flag question in the end of the year the partner withdrawal must be closed in...

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Accounting

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Flag question in the end of the year the partner withdrawal must be closed in capital partner loan Select one: O True False Sameer and Sami are two partners in partnerships divided profit & loss 5:3 respectively, at the year ended 2018 the net income of the partnership $ 60,000 if Sameer received $ 40,000 Bonus and Sami received $ 4000 salary for managing the partnership what are the share of Sameer from remaining profit Select one: a. 6,000 b. 16,000 C. 46,000 O d. 10,000 The distribution of cash to partners in a partnership liquidation is made based on the partners' income sharing ratio Select one: O True O False

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