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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    If the Partners Agree on a Formula to Share Income
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If the Partners Agree on a Formula to Share Income

Question 141

Question 141

True/False

If the partners agree on a formula to share income and say nothing about losses, then the losses are shared using the same formula.

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