The sharing of gross returns shows no significant evidence of a partnership.

Question

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The sharing of gross returns is one factor that may be considered in determining the existence of a partnership, but it is not the only factor. There are other factors that may be considered, such as the sharing of profits and losses, the right to participate in management, and the contribution of capital and services. Therefore, it cannot be said that the sharing of gross returns alone shows no significant evidence of a partnership.

The Sharing of Gross Returns Shows No Significant Evidence of a Partnership