Question: 1 2 / 2 3 / 2 4 , 4 : 4 9 PM Training detail: Curriculum Test - Preparing Entity Returns 1 0 1
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Training detail: Curriculum
Test Preparing Entity Returns : Partnerships Test
Analyze Income Statement and Balance Sheet
Question of
When reviewing an income statement presented by a partnership, you see the following information. Which might indicate that there could be an issue with the income statement?
Reimbursement for businessuseofhome for a partner.
Salary expenses for a partnership with no employees.
Guaranteed payments that include retirement contributions paid by the partnership.
Depreciation for vehicles for a partnership in the delivery services business.
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