Which of the following is false? A. The partnership contract can be oral or written B. There is no limit as to the number of partners who can form a partnership. C. A person can be a partner although...

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Which of the following is false?<br>A. The partnership contract can be oral or<br>written<br>B. There is no limit as to the number of<br>partners who can form a partnership.<br>C. A person can be a partner although he<br>has no capital contribution.<br>D. All partners should share in the profits or<br>losses. (Industrial partners do not share in<br>losses.)<br>E. None of the above.<br>The gain on sale (re-issuance) of<br>treasury shares is<br>Disclosed in the notes to financial<br>statements<br>Considered in the computation of profit or<br>loss<br>Credited to retained earnings<br>Credited to share premium<br>

Extracted text: Which of the following is false? A. The partnership contract can be oral or written B. There is no limit as to the number of partners who can form a partnership. C. A person can be a partner although he has no capital contribution. D. All partners should share in the profits or losses. (Industrial partners do not share in losses.) E. None of the above. The gain on sale (re-issuance) of treasury shares is Disclosed in the notes to financial statements Considered in the computation of profit or loss Credited to retained earnings Credited to share premium

Jun 03, 2022

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Which of the following is false? A. The partnership contract can be oral or written B. There is no limit as to the number of partners who can form a partnership. C. A person can be a partner although...

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