Question: what is the difference between a partnership and a joint venture as it relates to taxation? a. each participant in the joint venture calculates net

what is the difference between a partnership and a joint venture as it relates to taxation? a. each participant in the joint venture calculates net income separately b. a joint venture splits its income to the partners c. A joint venture is taxed separately, and its after-tax profits are divided among its members d. a joint venture determines the net income allocated to each participant

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