Which of the following items of information would not be found in the balance sheet of a partnership?
A) Assets
B) Liabilities
C) Dividends payable
D) Distribution of profits to partners

Question

Quizplus · Accepted Answer

Dividends payable is not typically found in the balance sheet of a partnership, as partners typically are not paid dividends in the same way as shareholders in a corporation. Instead, the distribution of profits to partners would be included in the balance sheet as a component of equity.

Which of the Following Items of Information Would Not Be