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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    Partners in a Partnership Are Taxed on the Partnership Income
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Partners in a Partnership Are Taxed on the Partnership Income

Question 61

Question 61

True/False

Partners in a partnership are taxed on the partnership income, not the amounts they withdraw from the partnership.

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