Why is a salary allowance used in the allocation of income in a partnership?

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Introduction To AccountingAn Integrated Approach

ISBN: 9781119600107

8th Edition

Authors: Penne Ainsworth, Dan Deines

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Question Posted: Apr 27, 2023 03:44 AM

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Why is a salary allowance used in the allocation of income in a partnership?

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A salary allowance may be used in the allocation of income in a partnership for several reasons Firs...View the full answer

Introduction To AccountingAn Integrated Approach

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