Question
Tony, Talnow is a 60% partner in a general partnership which of the following would be considered a guaranteed payment to Tony 1.a loan payment
Tony, Talnow is a 60% partner in a general partnership which of the following would be considered a guaranteed payment to Tony
1.a loan payment from the partner ship to pay back a loan from Tony
2. a loan payment from Tony to pay back a loan from the partnership
3. a payment made to Tony from the profits of the partnership,
4. a payment made to Tony without regard to the income of the partnership
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Practical Management Science
Authors: Wayne L. Winston, Christian Albright
5th Edition
1305631540, 1305631544, 1305250907, 978-1305250901
