Answered: salary to partner

Business

Accounting

salary to partner

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter15: Partnership Accounting

Section: Chapter Questions

Problem 2MC: Any assets invested by a particular partner in a partnership ________. A. do not become a...

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Question

13.Profit distribution method that recognizes primarily the time and effort that a partner may devote to the partnership’s business operations. *

-interest on capital

-salary to partner

-bonus to partner

-both salary to partner and bonus to partner

-answer not given

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