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Which of the following statements about interest on the capital accounts is FALSE? a. The interest computation is treated as a form of the profit

Which of the following statements about interest on the capital accounts is FALSE?

a.

The interest computation is treated as a form of the profit allocation
b.

The computation of interest is recorded in a journal entry by debiting interest expense
c.

The interest rate is specified in the Partnership Agreement
d.

The interest computed is not treated like incurred interest on debt

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