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- Which one of the following would not be considered in the development of a partnership agreement? A. profit and loss levels B. processing disputes C. stock options D. asset contributionsA partnership agreement should include A. Provision for division of assets on dissolution O B. Investment for each partner O c. Withdrawals to be allowed each partner D. All of theseS1: Forming a partnership requires two or more people agreeing partners Contributing all their personal properties. S2: Oral agreement partners are not allowed. * A. Statement 2 is true. B. Statement 1 is true. C. Both statements are false. D. Both statements are true. S1: A joint arrangement that is structured without a separate vehicle should be accounted as Joint Venture. S2: A joint arrangement that is structured without a separate vehicle should be accounted as Joint Operation? A. S2 True; S1 False B. Both statements are false C. s1 True; S2 False D. Both statements are true The interest of the retiring or withdrawing partner is usually measured by his capital balance before his retirement or withdrawal adjusted by the following adjustments except? A. profit or loss from the operation from the last closing date of the date of his retirement or withdrawal B. profit or loss after the date of the partner's withdrawal or retirement C. errors in net income in prior years D.…
- Partnerships When two or more individuals come together to form a partnership, the assets that they bring with them into the partnership may be disproportionate. In this event, the assignment of capital may be based on the bonus method or the goodwill method. Please compare and contrast these methodologies in the formation of a partnership. Feel free to use examples.A partnership agreement should include each of the following except Basis for sharing net income or loss names and capital contributions of partners. Chart of accounts for the partnership. rights and duties of partners. A Moving to another question will save this response. ch DELLQuestion 8 I. The transfer by a partner of his partnership interest does not make the assignee of such interest a partner of the firm, nor entitle the assignee to interfere in the management of the partnership business or to receive anything except the assignee's profits. II. Generally understood to mean an organization formed for some temporary purpose, a joint Venture is likened to a particular partnership. a. Only I is correct b. Only II is correct c. Both are true d. Both are false
- Quèstion 1 A partnership agreement should include each of the following except rights and duties of partners. Chart of accounts for the partnership. Basis for sharing net income or loss names and capital contributions of partners.If an existing partner withdraws from a partnership which is true a. his or her interest may be sold to the partnership or an individual partner. b. the consideration received for that partner's interest may suggest the existence of undervalued existing assets and/or goodwill. c. either the bonus or the goodwill method may be used to record the transaction if the partnership acquires the withdrawing partner's interest. d. all of the aboveWhy do partnerships dissolve?
- When a partnership is created, what is the contract called that gives the amounts invested by each partnership, how income and losses should be distributed, etc.? Group of answer choices partnership charter partnership partnership agreement none of theseQuestion 5 I. The dissolution of the partnership means that the juridical entity was immediately terminated and that the distribution of the assets to its partners should perfunctorily follow. II. The partnership, although dissolved, continues to exist until its termination, at which time the winding up of its affairs should have been completed and the net partnership assets are divided and distributed to the partners. a. Only I is correct b. Only II is correct c. Both are true d. Both are falsePLEASE ANSWER ALL OF THE QUESTIONS