Which of the Following Is True of Partnership Property

question 25

Multiple Choice

Which of the following is true of partnership property?

• A) The fact that property is used in the business makes it partnership property though it does not show in the account books.
• B) Payment by the partnership of taxes or insurance on property is conclusive evidence that the property is owned by the partnership.
• C) Any property acquired with partnership funds is partnership property even if a contrary intent is shown.
• D) Partnership property includes all property that originally was contributed to the partnership as well as anything purchased then or later for the partnership.

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Definitions:

CHEDDAR Format

A method of organizing medical records based on Chief Complaint, History, Examination, Details, Drugs and dosages, Assessment, and Return visit, facilitating comprehensive patient documentation.

Diagnosis

Recognizing the character of a disorder or problem by evaluating the signs.

Medical Records

Documentation pertaining to a patient's medical history and care.

Continuation of Patient Care

involves the ongoing management and coordination of healthcare services for a patient over time, particularly after discharge from a specific level of care or when transitioning between healthcare providers or settings.