Indicate whether each statement below is true or false with regard to Partnerships.

-	Non-recourse debt is generally allocated according to the profit-sharing ratios of the partnership.
-	A partnership with a C Corporation partner must always use the accrual method as its accounting method.
-	Guaranteed payments are included in the calculation of a partnerships ordinary business income and are also treated as separately stated items.
-	Income earned by partnerships is usually only taxed once at the entity level.
-	Tax elections are rarely made at the partnership level.

A.	True
B.	False