Partners are also employees if they are active in the business of the partnership.
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Q12: In a general partnership, profits and losses
Q13: When a partnership agreement has provisions that
Q14: Partnerships are separate legal entities, like corporations.
Q15: A partner's drawing account is merely a
Q16: A partner's drawing account is substantively a
Q18: Theoretically, salary allowances paid to partners should
Q19: Interest on partnership capital is mandatory under
Q20: Under the Revised Uniform Partnership Act, partnerships
Q21: _ The partnership form of business is
A)
Q22: _ The professional corporation form of business
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