How Is the Allocation of Partnership Profits Affected by Drawings

question 14

Multiple Choice

How is the allocation of partnership profits affected by drawings?

• A) Drawings must be added back to profits before they are allocated.
• B) Drawings must be deducted from profits before they are allocated.
• C) Drawings only affect profit allocation if the partnership agreement provides for interest on drawings.
• D) Drawings must be deducted from salaries due to the partners.

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A person's emotional, romantic, or sexual attraction to individuals of a specific gender, multiple genders, or none.

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Sexual activity involving stimulation of the genitalia by the use of the mouth, lips, or tongue.

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Women who are emotionally, romantically, or sexually attracted to other women.