Marshall retires from the partnership of Marshall, Mark, and Dennis. Marshall had a capital balance of $25,000. If Marshall received $25,000 as final settlement, how will this transaction affect the balance sheet items?
A) Cash will increase.
B) Liabilities will increase.
C) Liabilities will decrease.
D) Equity will decrease.
D) Equity will decrease.
Explanation: Marshall received the book value of his capital account (no bonuses). His Capital account
will be debited (decrease equity) and Cash will be credited.
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A. environmental analysis. B. competitive forces. C. environmental scanning. D. procompetitive legislation. E. self-regulatory forces.
A ________ is the path that a frame takes across a single switched network
A) physical link B) data link C) route D) connection