A partnership * O has only one owner. O pays taxes on partnership income.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A partnership *
has only one owner.
pays taxes on partnership income.
must file an information tax return.
is not an accounting entity for financial
reporting purposes.
Transcribed Image Text:A partnership * has only one owner. pays taxes on partnership income. must file an information tax return. is not an accounting entity for financial reporting purposes.
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