Question

HELP, ACCOUNTING

A statement of partner's equity is the same as a statement of owner's equity except that...
A.)  no additional investments by partners are shown on the statement.
B.)

There's no difference in the statements
C.) net income is assigned to one partner. 
D.)There's a capital for all partners

Answer 1

The answer is Letter D - there's a capital for all partners.

A statement of partner's equity shows a column for the capital of each partner and another column for the total capital of the company while in the statement of owner's equity only one column is needed since the company is owned by only one person.