Which of the following would normally be referred to in a partnership agreement?
A) Profit and loss sharing ratios
B) Arrangements to terminate the partnership.
C) Procedures to follow in the event of a dispute.
D) All of these options.

Question

Quizplus · Accepted Answer

A partnership agreement typically includes provisions for profit and loss sharing ratios, arrangements for terminating the partnership, and procedures for resolving disputes between partners. Therefore, all of the options listed would normally be referred to in a partnership agreement.

Which of the Following Would Normally Be Referred to in a Partnership