Jane and June work as legislative assistants in the Arizona legislature. Both are also talented...
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Accounting
Jane and June work as legislative assistants in the Arizona legislature. Both are also talented paper hangers and have begun taking wallpapering jobs at night and on weekends to earn extra money. The customers supply the wallpaper while Jane purchases the necessary supplies and equipment. The cost of supplies for each job is deducted from the fee and June and Jane split the remaining money. They each pay income tax on their respective shares. Do Jane and June have a partnership?
Jane and June work as legislative assistants in the Arizona legislature. Both are also talented paper hangers and
have begun taking wallpapering jobs at night and on weekends to earn extra money. The customers supply the
wallpaper while Jane purchases the necessary supplies and equipment. The cost of supplies for each job is
deducted from the fee and June and Jane split the remaining money. They each pay income tax on their
respective shares. Do Jane and June have a partnership?
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