I need help on a couple of questions I missed. I took out what I...
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Accounting
I need help on a couple of questions I missed. I took out what I know the wrong answers are
9.)Which of the following is true regarding partnerships?
Partners are guaranteed to recoup their initial investment
Partners are guaranteed a salary
A partnership can allocate profits based on partners' capital balances
15) Three Sisters Beauty Salon suffered a net loss for operations in 2021. Net loss for the partnership is $108,000. The sisters do not have a written partnership agreement. What will happen to the Capital balances for the 3 partners?
The capital balances will all increase.
The capital balances will all decrease.
The net loss will be allocated to the partner with the largest capital balance.
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