SCENARIO Three friends, A, B and C (please name them and give a name to the partnership) have decided to pool their resources, skills, and expertise to venture into the business of selling/providing (choose the type of business of your choice). After several discussions, they decided to form a general partnership and the three friends will be the partners, sharing profit and losses (determine the profit-sharing ratio). The partnership will start its business
ACT3402: Taxation OBJECTIVE The objective of this assignment is to expose students to the real taxation practice by applying the knowledge learned in both…