Which of the Following Is NOT a Characteristic of the Proprietary

question 8

Multiple Choice

Which of the following is NOT a characteristic of the proprietary theory that influences accounting for partnerships?

• A) Partners' salaries are viewed as a distribution of income rather than a component of net income.
• B) A partnership is not viewed as a separate, distinct, taxable entity.
• C) A partnership is characterized by limited liability.
• D) Changes in the ownership structure of a partnership result in the dissolution of the partnership.

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Definitions:

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is repeatedly presented without the unconditioned stimulus.

Conditioned Stimulus

A stimulus that was originally neutral but, after association with an unconditioned stimulus, leads to eliciting a conditioned response.

Classical Conditioning

A fundamental learning technique established by the association between an initially neutral stimulus and a naturally occurring stimulus, leading to a learned response.

Acquisition

In psychology, the initial stage of learning or conditioning during which a response is established.