Since partnerships are typically private organizations, they are not required to issue financial that are in conformity
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Since partnerships are typically private organizations, they are not required to issue financial that are in conformity with GAAP.
What are some of the more prominent departures from GAAP?
What does the "joint and several liability of partners" mean?
What is a limited liability partnership (LLP)?
What is the purpose of partner Capital Accounts? How does the Capital Account change during the accounting period?
What are drawings? How are drawings different from salary?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: