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    Exam 6: Forms of Business Ownership
  5. Question
    Tom Has Agreed to Become a Partner in a Business
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Tom Has Agreed to Become a Partner in a Business

Question 3

Question 3

True/False

Tom has agreed to become a partner in a business.Since he will provide 30% of the capital to start the company,he is entitled to 30% of any profits the company earns during its first year of operation.

Correct Answer:

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