Question Completion Status: Moving to another question will save this response. Question 3 In the partnership form of business, net income (or loss) is allocated to partners according to partnership agreement O True O False Moving to another question will save this response. 59 minutes 12 seconds Question Completion Status: Moving to another question will save this response. uestion 4 The cost of a plant asset includes the purchase price, applicable taxes, purchase commissions, and all other amounts paid to acquire the asset and make it ready for its intended use. O True O False Moving to another question will save this response.