Details of the division of net income for a partnership should be disclosed

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The division of net income for a partnership is typically disclosed in the partnership income statement. This statement shows the revenue, expenses, and net income or loss of the partnership, which is then allocated among the partners according to the partnership agreement. The other options listed (asset section of the balance sheet, partners' subsidiary ledger, statement of cash flows) do not typically provide a breakdown of net income for each partner.

Details of the Division of Net Income for a Partnership