Usually the Sharing of Profits Is an Indication of a Partnership.In

question 46

Multiple Choice

Usually the sharing of profits is an indication of a partnership.In which of the following situations will this be true?

• A)to pay the spouse of a deceased partner an annuity
• B)to pay an employee as part of his or her remuneration
• C)to pay the seller of a business an amount for goodwill varying with the profits
• D)to repay a debt owed
• E)none of the above

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Definitions:

Continuous Spectrum

A seamless spectrum of light (or other electromagnetic radiation) in which every wavelength within a certain range is represented.

Energy Level

The specific amount of energy an electron can have when occupying a certain orbital in an atom.

Atom

The basic unit of a chemical element, consisting of a nucleus of protons and neutrons, and electrons orbiting the nucleus.

Spectrum Color

The band of colors produced when light is separated into its component wavelengths, visible as when passing through a prism.