Question
Which one of the following is not an item that should be documented in the partnership (or LLC operating) agreement? a. All of the above
Which one of the following is not an item that should be documented in the partnership (or LLC operating) agreement?
a. All of the above should be documented.
b. Partners rights in managing the partnership.
c. Allocations of profits and losses.
d. Liquidating distributions.
e. Allocations of cash flows.
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Financial Accounting Text Only
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
5th Edition
0006575404, 978-0006575405
