Unless a partnership agreement specifies otherwise, profits are shared in the same ratio as capital contributions. (True/False)
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Unless a partnership agreement specifies otherwise, profits are shared in the same ratio as capital contributions. (True/False)
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True In the absence of specific provisions in a partnership agreement that dictate otherwise profits ...View the full answer
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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