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Apple was originally organized as a partnership, but was later incorporated on January 3, 1977. Its income statement in Appendix A varies in several key
Apple was originally organized as a partnership, but was later incorporated on January 3, 1977. Its income statement in Appendix A varies in several key ways from what it would look like for a partnership. Identify at least two ways in which the Apple corporate income statement differs from a partnership income statement. (Apple's original partnership agreement is available online.)
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