Of the Following, Which Is an Implied Relationship Between Partners

question 52

Multiple Choice

Of the following, which is an implied relationship between partners?

• A) Interest on loans to partnership by a partner.
• B) Equal share in profits and losses.
• C) Firm pays each partner for his business expenses.
• D) No partner is entitled to remuneration for acting in the partnership business.
• E) all of the above

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Definitions:

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PPACA

The Patient Protection and Affordable Care Act, a U.S. law enacted in 2010 aimed at expanding health insurance coverage, reducing healthcare costs, and improving healthcare system efficiency.

Personal Mandate

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Medicaid

A government-funded program in the United States that provides health care services to eligible low-income individuals and families.