Which of the following could be used as a basis to allocate profits among partners who are
Fantastic news! We've Found the answer you've been seeking!
Question:
Which of the following could be used as a basis to allocate profits among partners who are active in the management of the partnership?
1) Allocation of salaries.
2) The number of years with the partnership.
3) The amount of time each partner works.
4) The average capital invested.
A. 1 and 2.
B. 1 and 3.
C. 1, 2, and 4
D. 1, 3, and 4.
E. 1, 2, 3, and 4
Related Book For
Systems analysis and design
ISBN: ?978-1118808177
5th edition
Authors: Alan Dennis, Barbara Haley Wixom, Roberta m. Roth
Posted Date: