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School

Monarch Institute *

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Course

522

Subject

Business

Date

Nov 24, 2024

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Uploaded by AgentFerretPerson1068

m FNSACC601 Quiz 3 - review X ¥ Downloads X ! + v = a X < C @ training.monarch.edu.au/mod/quiz/review.php?attempt=15998278&cmid=29966 2w & 0O e Question 20 Where a partnership receives franked dividends, the franking credit should not be included in the partnership’s assessable Correct income. Mark 1.00 out of 1.00 Select one: ¥ Flag True question False v Question 21 When a partnership has a partnership loss, the respective loss shares are distributed to the individual partners in that income Correct year. Mark 1.00 out of 1.00 Select one: ¥ Flag True v question False Question 22 Bill and Jill are partners sharing profit and losses equally. After paying Bill and Jill $10,000 salaries in total, the partnership Coneet made a loss of $20,000. Please calculate the amount of the loss that should be distributed to Bill: Mark 1.00 out of 1.00 Select one: ¥ Fiag a. $10,000 S b. $5,000 v c. $20,000 d. $15,000 Question 23 A e = e - . — o O P _ . v 21°C 12:01 PM e Q Search 10/10/2023 Sunny

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