Item$3$

Time Remaining $9$ minutes $40$ seconds$00$:$09$:$40$

Item $3$

Time Remaining $9$ minutes $40$ seconds$00$:$09$:$40$

In the absence of a partnership agreement, income $($and loss$)$ should be allocated:

Multiple Choice

Based on interest allowances.

Based on salary allowances.

On a fractional basis.

Based on the ratio of capital investments.

Equally.