According to the RUPA,a partner:
A)is entitled to a salary or wages.
B)is entitled to compensation based upon his capital contribution.
C)is entitled to an equal share of the profits.
D)is entitled to compensation based on the amount of time he contributes to the business.

Question

Quizplus · Accepted Answer

Unless there is an agreement to the contrary,partners share partnership profits equally,according to the number of partners,and not according to their capital contributions or the amount of time that each devotes to the partnership.

According to the RUPA,a Partner