A Sharing of Profits from the Sale of the Goodwill

question 25

True/False

A sharing of profits from the sale of the goodwill of a business creates a presumption that a partnership exists.

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Definitions:

QuickBooks

An accounting software package developed and marketed by Intuit, aimed at small and medium-sized businesses for managing payroll, inventory, sales, and other financial needs.

My Shortcuts

Typically refers to a customizable section in software or an application where users can save and quickly access frequently used functions or tasks.

Vendor Section

A component of accounting or procurement software that manages information and transactions related to suppliers, including records of purchases, payments, and performance evaluations.

Create Invoice

An official document issued by a business to indicate a transaction and request payment from a customer.