When individuals invest property in a partnership,the property becomes an asset of the partnership and is owned jointly by the partners.
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Q6: A partnership agreement should include the method
Q7: There is no income tax imposed on
Q8: As long as the action is within
Q9: Accounting for a partnership comes closer to
Q10: A partnership is an accounting entity separate
Q12: If the partnership agreement does not describe
Q13: When a new partner is admitted,it will
Q14: Under the partnership form of business,it may
Q15: A partnership agreement need not be in
Q16: A partnership is relatively easy to form,but
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