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Which one of the following statements related to partnerships is NOT correct? Dividends received by a partnership are not grossed up by the partnership in
Which one of the following statements related to partnerships is NOT correct?
Dividends received by a partnership are not grossed up by the partnership in the calculation of partnership income. | ||
Charitable donations made by a partnership are not deductible by the partnership. | ||
Business losses of a partnership cannot be allocated to the partners for them to deduct against other sources of income. | ||
Salaries to partners are not deductible by the partnership in the computation of partnership income. |
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