Partnership profits must be shared in the same proportion as the partners' investment of capital in the firm.

Name: Partnership profits must be shared in the same proportion as the partners' investment of capital in the firm.
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Question

Quizplus · Accepted Answer

Partnership profits can be shared based on an agreed-upon ratio that may not necessarily reflect the proportion of capital investments by the partners. This ratio is commonly determined in the partnership agreement.

Partnership Profits Must Be Shared in the Same Proportion as the Partners