Which statement relating to financial reports for a partnership is not true? Select one: O...
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Accounting
Which statement relating to financial reports for a partnership is not true? Select one: O a. Partners' salaries are normally treated as an allocation of profit. O b. Income tax expense is deducted from the partnership profit at the end of the income statement O c. Each individual partner's equity in the business is reported separately. O d. Interest on capital contributions is treated as an allocation of profits
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