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24. If the articles of partnership provide for annual salary allowances of $36,000, Xs share of net income is $20,000. a. True b. False 25.
24. If the articles of partnership provide for annual salary allowances of $36,000, Xs share of net income is $20,000. a. True b. False
25. If the net income of a partnership is less than the total of the allowances provided by the partnership agreement, the differences must be divided among the partners in the income-sharing ratio
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