Reference no: EM132759304

Problem 1: Partner's drawings are:

Select one:

a. cash amounts withdrawn or private expenses paid by the partnership on behalf of a partner, in anticipation of profits.

b. partner's artwork.

c. money borrowed from the partnership.

d. amounts credited for working in the partnership.

Problem 2: A no cost, pro rata distribution of a company's shares to its shareholders is known as a:

Select one:

a. dividend in arrears.

b. special dividend.

c. preference dividend.

d. share dividend.