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Which One of the Following Situations Will Result in a Partnership

Question 77

Multiple Choice

Which one of the following situations will result in a partnership existing? Assume that no corporation has been created.


A) Joe and Mary own a house together and share the income from it.
B) A lawyer and a real estate agent split a commission.
C) Employees are given bonuses because of increased profits.
D) Joe pays back a debt to Harry by giving Harry a percentage of the profits from his business.
E) Joe and Mary own a shoe store together and share the profits.

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