Question debbie and alan open a web-based bookstore, Ask an Expert

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Question: Debbie and Alan open a web-based bookstore together. They have been friends for so long that they start their business on a handshake after discussing how they will share both work and profits or losses from the business. Have Debbie and Alan formed a real partnership given that they have signed no written partnership agreement?

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Accounting Basics, Accounting

Category:- Accounting Basics
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