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Name 3 critical items that should be addressed in a Partnership Agreement and explain | why. 1. 2. 3. LO 2 Accounting for net income
Name 3 critical items that should be addressed in a Partnership Agreement and explain | why. 1. 2. 3. LO 2 Accounting for net income or net loss of a partnership. Explain why partners divide the net income or net loss of the partnership? Identify and explain the 3 typical methods of dividing partnership income
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