Question

In BLANK contributed capital and retained earnings are combined into a single capital account. Distributions are called withdrawals, not dividends

a. sole proprietorship
b. partnership
c. corporation

Answer 1

In a partnership, contributed capital and retained earnings are combined into a single capital account.

Step-by-step explanation:

In a partnership, contributed capital and retained earnings are combined into a single capital account. Distributions are called withdrawals, not dividends.