Which of the following is false regarding the measurement of partnership income? ...
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Accounting
Which of the following is false regarding the measurement of partnership income?
| A. | Partnerships do not report income tax expense. | |
| B. | Salaries to partners are deducted as expenses in measuring partnership income. | |
| C. | Partnerships employ the same revenue and expense recognition criteria as corporations. | |
| D. | Interest allocated to partners is not deducted as an expense in measuring partnership income. |
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