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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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    The Salaries Paid to Partners Are Shown as an Expense
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The Salaries Paid to Partners Are Shown as an Expense

Question 21

Question 21

True/False

The salaries paid to partners are shown as an expense on the income statement while the salary taken by a sole proprietor is debited to a drawing account.

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