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Which partnership agreement should include

Assignment Help Financial Accounting
Reference no: EM132906763

Problem 1: You have a controlling interest in any company if:

A- you own more than 20% of a company's stock.
B- you own more than 50% of a company's stock
C- you use the equity method
D- you are the president of the company

Problem 2: A partnership agreement should include each of the following except

A- provision for withdrawal of assets
B- rights and duties of partners as well as basis for sharing net income or loss.
C- basis for splitting partnership income taxes
D- names and capital contributions of partners.

Problem 3: Which of the following is not a depreciable asset?

A- Equipment
C- Patent
D- Machinery
C- Building

Reference no: EM132906763

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