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Prepared by Coby Harmon University of California, Santa Barbara Westmont College

Prepared by Coby Harmon University of California, Santa Barbara Westmont College. 12. Accounting for Partnerships. Learning Objectives After studying this chapter, you should be able to: [1] Identify the characteristics of the partnership form of business organization.

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Prepared by Coby Harmon University of California, Santa Barbara Westmont College

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  1. Prepared by Coby Harmon University of California, Santa Barbara Westmont College

  2. 12 Accounting for Partnerships Learning Objectives After studying this chapter, you should be able to: [1] Identify the characteristics of the partnership form of business organization. [2] Explain the accounting entries for the formation of a partnership. [3] Identify the bases for dividing net income or net loss. [4] Describe the form and content of partnership financial statements. [5] Explain the effects of the entries to record the liquidation of a partnership.

  3. Preview of Chapter 12 Accounting Principles Eleventh Edition Weygandt Kimmel Kieso

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