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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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