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Is the equity section is called shareholders equity

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Reference no: EM132615223

Problem 1: Canada Pension Plan is withheld from wages earned, except the withholding stops each year as soon as the employee has earned the maximum pensionable earnings for that year.

True or False

Problem 2: For a partnership, the equity section is called Shareholders Equity.

True or False

Reference no: EM132615223

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