In which of the following circumstances would you suggest that a partnership agreement should provide that salary

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In which of the following circumstances would you suggest that a partnership agreement should provide that salary and interest on capital should be allowed to partners?

(a) If there is a difference in the effort contribution made by all partners

(b) If there is a difference in the amount contributed as capital by each partner

(d) If one or more partners are cleverer than others

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 29, 2023 10:24 AM

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In which of the following circumstances would you suggest that a partnership agreement should provide that salary

Question:

ac&d bb&c ca & b da & c

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b a If there is a difference in ...View the full answer

Financial Accounting An Introduction

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