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The essential element that would distinguish a business undertaking as a partnership and NOT a joint arrangement would be A) there is no joint control

The essential element that would distinguish a business undertaking as a partnership and NOT a joint arrangement would be

A) there is no joint control agreement so that the undertaking is neither a joint venture entity nor a joint venture operation

B) none of theothers

C) the business activity is an undertaking formed by the investors with the intention of making a profit

D) the business undertaking makes a profit in the year

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