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Kay [80]
3 years ago
8

Evidence of sharing profits is prima facie evidence of partnership existence unless the profits are: a. wages or rent. b. not sh

ared equally. c. income. d. all of the above
Business
1 answer:
levacccp [35]3 years ago
5 0

Answer: A. Wages or rent

Explanation: A business partnership is an association of two or more people to conduct a business. The partners pool their funds and also partake in profits or losses that might result in running the business. The contract of a partnership that states that one exist could be express or implied, written or oral.

Generally, the receipt of profits from a business is evidence of a partnership. However, when it is repayment of a debt, wages, rent, or an annuity that is received as a share of profit, such transactions do not lead to a legal inference that a partnership exists since they are considered “protected relationships”. Therefore, evidence of sharing profits is prima facie evidence of partnership existence unless the profits are wages or rent.

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It should be noted that a benefit of contributing to a retirement account is A. The amount of income that's taxable is reduced.

<h3>What is the benefit of retirement account?</h3>

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Five airlines control 90 percent of the aviation sector of a country. the aviation industry in the country would be an example o
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When equipping your office your first concern should be
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<h3><u>Explanation:</u></h3>

Office refers to the workplace where the task that are assigned by an organisation gets completed. This place involves the collection of people who work for achieving the objectives of an organisation. When equipping the office there should be consideration for all things that are very essential for the work completion.

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James Company has 1,400 shares of $100 par preferred stock, which were issued at par. It also has 29,000 shares of common stock
PSYCHO15rus [73]

Answer:

$16.4

Explanation:

Given: Preferred stock= 1400 shares of $100

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Now, calculating the book value per shares.

Formula; Book value per shares= \frac{(Total\ equity-preferred\ equity)}{Total\ shares\ outstanding}

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4 years ago
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