Examlex
Which of the following statements is false?
Income-Sharing Ratio
The agreed-upon distribution of income or profits among partners in a business, often expressed as a proportion or percentage.
Noncash Assets
Assets that are not in the form of cash or easily convertible into cash, such as property, plant, and equipment.
Total Capital
The sum of a company's debt and equity, representing the total funds available for the business to use.
Partners' Equity
The owners' claim or interest in the assets of a partnership, after all liabilities have been subtracted.
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