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7. How does accounting for a partnership differ from that for a corporation? 8. How can partnership profits and losses be divided among partners? I

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7. How does accounting for a partnership differ from that for a corporation? 8. How can partnership profits and losses be divided among partners? I 9. Why are salary and interest bases used as a means to allocate profits and losses in a partnership? 10. How are partners' capital balances disclosed in the statement of financial position

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