Interest on partnership capital is mandatory under the Revised Uniform Partnership Act in dividing profits and losses.
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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
Q17: Partners are also employees if they are
Q18: Theoretically, salary allowances paid to partners should
Q20: Under the Revised Uniform Partnership Act, partnerships
Q21: _ The partnership form of business is
A)
Q22: _ The professional corporation form of business
Q23: _ When a partnership is formed, equity
Q24: _ A unique feature of partnerships (compared
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