In Which of the Following Situations Will the Inference of the Existence

question 11

Multiple Choice

In which of the following situations will the inference of the existence of a partnership be drawn from the receipt of profits of a business?

• A) Where payments of a debt are made to a creditor in installments from the profits of the partnership
• B) Where wages are paid to an employee who is not also an owner
• C) Where an annuity is paid to the widow of a deceased partner from partnership profits
• D) Neither the creditor,the employee,nor the widow in these situations will be considered a partner under the guidelines in the RUPA.

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Definitions:

Pareto Chart

A bar graph where values are depicted in descending order of relative frequency, often used to highlight the most significant factors in a data set.

Stem-And-Leaf Plot

A graphical method of displaying quantitative data that splits each value into a "stem" (the leading digit or digits) and a "leaf" (the last digit).

Frequency Distribution

A summary of how often each value occurs in a data set, typically represented in a table or as a graph.

Dotplot

A graphical display of data using dots, where each dot represents one or more observations, allowing for the visualization of the distribution of the data set.