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Which is not treated as operating expense of the partnership

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Reference no: EM132741757

Problem 1: Which is not treated as operating expense of the partnership?

A. Interest on partner's loan

B. Salaries of manager employed by the partnership

C. Bonus to the managing partner

D. Office supplies used in the partners' offices

Problem 2: The statement of partners' capital shows the following, except:

A. Beginning and ending capital balances

B. Investments and drawings during the period

C. Profit or loss distribution

D. None of the above

Reference no: EM132741757

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