Rico and Brent establish a partnership to open a new chocolate cookie business. Their partnership agreement provides for capital contributions of $6,000 from Rico and $4,000 from Brent. The agreement is silent as to how Rico and Brent will share profits or losses. In what proportion will Rico and Brent share profits and losses

Answer rating: 100% (QA)

In the absence of any specific provision in the partnership agreement ... View the full answer