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ACC 401 Week 5 DQ 1 Partnership Taxation LATEST

ACC 401 Week 5 DQ 1 Partnership Taxation LATEST
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ACC 401 Week 5 DQ 1 Partnership Taxation NEW

Chapter 14, problems 1, 3, 12, and 15.
1.  Discuss the formation of a partnership.  Is any gain or loss recognized? Explain.

3.  How do taxation for the corporate form and taxation for the partnership form differ?
12.  Can a partner have a salary from a partnership?  Why?  What is a guaranteed payment?
15.  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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