Management Accountants Are Employed by Public Accounting Firms

question 67

True/False

Management accountants are employed by public accounting firms.

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Definitions:

Partnership

A sanctioned form of business where partners collectively manage the enterprise and split the financial gains.

Contracts

Contracts that engage two or more persons in binding commitments recognized and updatable through legal proceedings.

RUPA

The Revised Uniform Partnership Act, a set of laws adopted by some states to govern the operation of partnerships.

Dissociation

In a legal context, the process by which a member is removed from a partnership or limited liability company.