Partners can share in net income or loss in any manner they choose.

Name: Partners can share in net income or loss in any manner they choose.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

Partners can agree on the allocation of net income or loss in any way they choose, as long as it is outlined in their partnership agreement. This can include proportional sharing based on the percentage of ownership, or unequal sharing based on individual contributions to the partnership.

Partners Can Share in Net Income or Loss in Any