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    Taxation of Individuals and Business Entities
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    Exam 20: Forming and Operating Partnerships
  5. Question
    Partnerships Must Maintain Their Capital Accounts According to Which of the Following
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Partnerships Must Maintain Their Capital Accounts According to Which of the Following

Question 77

Question 77

Multiple Choice

Partnerships must maintain their capital accounts according to which of the following rules?


A) GAAP
B) 704(b)
C) Tax
D) All of these
E) Only GAAP and 704(b)

Correct Answer:

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