Table of Contents

Table of Contents Exercises Unit 1 Formation Ex 1-1 Review Questions Ex 1-2 Identification Ex 1-3 True or False Ex 1-4 Partnership Formation Ex 1-5 Conversion of Sole Proprietorship to a Partnership Ex 1-6 Conversion of Sole Proprietorship to a Partnership Ex 1-7 Two Sole Proprietorships Converted to a Partnership Ex 1-8 Problem Solving Unit 2 Operations Ex 2-1 Review Questions Ex 2-2 True or False Ex 2-3 Preparation of Income Statement and Distribution of profits to partners Ex 2-4 Preparation of Statement of Changes in Partners’ Equity Ex 2-5 Distribution of Profits Ex 2-6 Preparation of Financial Statements Ex 2-7 Problem Solving Unit 3 Dissolution Ex 3-1 Review Questions Ex 3-2 True or False Ex 3-3 Admission of a Partner by Purchase of Interest Ex 3-4 Admission of a Partner by Investment: Bonus Method Ex 3-5 Admission of a New Partner by Investment: Revaluation of Assets and Calculation of Required Contribution Ex 3-6 Withdrawal of a Partner Ex 3-7 Retirement of a Partner: Revaluation of Assets & Bonus Method Ex 3-8 Problem Solving

Unit 4 Liquidation: Lump-Sum Method Ex 4-1 Review Questions Ex 4-2 True or False Ex 4-3 Lump-Sum Liquidation: Gain on Realization Ex 4-4 Lump-Sum Liquidation: Loss on Realization Ex 4-5 Lump-Sum Liquidation: Application of Right of Offset/ Absorption of loss Ex 4-6 Lump-Sum Liquidation: Deficient Partner is Solvent/ Insolvent Ex 4-7 Problem Solving

Table of Contents Quizzes Jan 18 Feb 01 Feb 17

Quiz # 1 Quiz # 2 Quiz # 3

Formation Operations Liquidation

50 items 45 items 50 items