Partnership agreement

The partnership agreement does not include one of the following:

Select one:

a$.$ Language relating to whether the partners wish to recognized the intangible asset on the books of the partnership upon formation of the partnership

b$.$ Language relating to the formation, ongoing operation, and ultimate dissolution of the partnership.

c$.$ Language relating to the way in which profit and loss is to be allocated to the partners' Capital Accounts

d$.$ A requirement that all financial statements will be prepared in the accordance with GAAP