26. The partnership net income is allocated to each partner's capital using the profit and loss sharing agreement stated in the contract of partnership. * 41. A common-size Statement of Financial...

True or False.

Extracted text: 26. The partnership net income is allocated to each partner's capital using the profit and loss sharing agreement stated in the contract of partnership. * 41. A common-size Statement of Financial Position presents accounts expressed as a percentage of total liabilities and equity. * 36. Financial statement analysis uses computational and analytical techniques to evaluate the company's risks, performance, financial health, and future prospects with the objective of making economic decisions. *