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Which of the following is false regarding the measurement of partnership income? ...

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Question

Accounting

Which of the following is false regarding the measurement of partnership income?

A.

Partnerships do not report income tax expense.
B.

Salaries to partners are deducted as expenses in measuring partnership income.
C.

Partnerships employ the same revenue and expense recognition criteria as corporations.
D.

Interest allocated to partners is not deducted as an expense in measuring partnership income.

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