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The partnership agreement might provide, for example, that the first $ 4 0 , 0 0 0 of ordinary income is allocated to Partner A
The partnership agreement might provide, for example, that the first $ of ordinary income is allocated to Partner
A Allocating income in this manner is an example of:
profit or loss sharing.
a separately stated item.
a speicial allocation.
nonseparately stated income or loss.
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ISE Managerial Accounting Creating Value In A Dynamic Business Environment
Authors: Ronald Hilton, David Platt
12th Edition
1260566390, 9781260566390
