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uestion 1 0 of 2 0 . What are some things that could indicate there might be an issue with an income statement presented by
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What are some things that could indicate there might be an issue with an income statement presented by a partnership?
The partners received guaranteed payments that are included in the expenses of the partnership.
After checking the math for the total expenses listed and subtracting this amount from the total revenue, the net income is incorrect.
The partners received health insurance for which the payments were paid by the partnership, and these amounts are listed in the guaranteed payments amount.
A partnership with revenue of $ is using the cash method of accounting.
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