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What are partnership profits

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Reference no: EM133272759

What are Partnership profits ? Which of the following?

1. are generally reinvested in the firm rather than being distributed.

2. are distributed to general partners with interest paid to limited partners.

3. are generally held by the partnership and later distributed as dividend payments.

4. are distributed to the partners on an aftertax basis.

5. are fully distributed as taxable income to the partners.

Reference no: EM133272759

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