Which of the Following Statements Is True

question 82

Multiple Choice

Which of the following statements is true?

• A)Partners are employees of the partnership.
• B)Salaries to partners are expenses on the partnership income statement.
• C)Salary allowances usually reflect the relative value of services provided by partners.
• D)Salary allowances are expenses.
• E)Interest allowances are expenses.

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Definitions:

Social Movement

A collective effort by a large group of people working together to achieve or advocate for a specific cause or change in society.

Business Unionism

A labor union strategy focusing on the improvement of working conditions and wages, rather than pursuing broader social goals.

Comparative Labor Relations

The study of how labor relations systems, practices, and policies vary across countries and the cultural, economic, and legal factors that influence these differences.

Confederation

A union of sovereign groups or states, united for purposes of common action often in relation to other states but with each member retaining considerable independence.