Which of the following statements is true regarding compensation paid to business owners for services...
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Accounting
Which of the following statements is true regarding compensation paid to business owners for services provided to the business?
| Partners receives wages and S corporation shareholders receive guaranteed payments. | ||
| Both partners and S corporation shareholders receive wages. | ||
| Both partners and S corporation shareholders receive guaranteed payments. | ||
| Partners receive guaranteed payments and S corporation shareholders receive wages. |
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