Which of the Following Statements Is Correct

question 14

Multiple Choice

Which of the following statements is correct?

• A)If partners consider their cash withdrawals to be compensation for the work they do for the partnership, the amounts of the withdrawals should be charged to Salaries Expense.
• B)If there is no specific agreement on the division of partnership profits and losses, they are divided equally among the partners.
• C)If a salary is allowed to one partner, other partners also must receive a salary allowance.
• D)None of the above statements is correct.

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Definitions:

Instrumentality

The belief or expectation that performing a given behavior is associated with a particular outcome.

Performance Impact

The effect or influence that an individual's or group's actions have on the overall outcomes or goals of a project or organization.

Ineffective Performance

A level of work performance that fails to meet established standards or objectives.

Low Morale

Low Morale refers to a general feeling of dissatisfaction, lack of enthusiasm, or disengagement among employees within an organization.