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    Financial and Managerial Accounting Study Set 8
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    Exam 28: Forms of Business Organization
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    Salary Allowances to Partners When Dividing Net Income
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Salary Allowances to Partners When Dividing Net Income

Question 18

Question 18

Multiple Choice

Salary allowances to partners when dividing net income:


A) Are not expenses of the business.
B) Do not get recorded.
C) Are recorded.
D) Are not accounted for.

Correct Answer:

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