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Which of the Following Will Establish the Existence of a Partnership

Question 34

Multiple Choice

Which of the following will establish the existence of a partnership?


A) The goodwill portion of the sale of a business is repaid by a share of the profits.
B) An employee receives a profit-sharing bonus.
C) The beneficiary of a deceased partner takes that partner's share of the income from the partnership.
D) The parties intend to share the expenses of the business.
E) A debt is repaid by the creditor taking a share of the profits.

Correct Answer:

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