If a partner owns a 20% interest, does that necessarily mean that he or she will receive

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If a partner owns a 20% interest, does that necessarily mean that he or she will receive 20% of the net income from the partnership? Explain.

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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: Jun 10, 2016 05:37 AM

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If a partner owns a 20% interest, does that necessarily mean that he or she will receive

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No One of the primary benefits of the partnership form is the flexibility The income of a ...View the full answer

Fundamentals Of Taxation 2015

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