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If a partnership contract provides for interest at 10% annually on each partner's investment, the interest Multiple Chode Is an expense of the business Is

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If a partnership contract provides for interest at 10% annually on each partner's investment, the interest Multiple Chode Is an expense of the business Is ignored when earnings are not sufficient to pay interest Provides for the sharing of a portion of the partnership earnings in the capital ratio O Legally becomes a liability of the partnership Must be paid in cash

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