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Usually the Sharing of Profits Is an Indication of a Partnership

Question 11

Multiple Choice

Usually the sharing of profits is an indication of a partnership. In which of the following situations will this be TRUE?


A) to pay the seller of a business an amount for goodwill varying with the profits
B) to pay an employee as part of his remuneration
C) to pay the spouse of a deceased partner an annuity
D) to repay a debt owed
E) none of the above

Correct Answer:

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