Calvin purchased a 40% partnership interest for $43,000 in February 2014. His share of partnership income in
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Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Related Book For
Fundamentals Of Taxation 2017
ISBN: 9781259752735
10th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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