Astrid and Razi Formed a Partnership in Which They Agreed

question 28

Multiple Choice

Astrid and Razi formed a partnership in which they agreed to share profits 60 percent to Astrid and 40 percent to Razi.Losses will be shared

• A)equally,unless otherwise agreed.
• B)60 percent to Astrid and 40 percent to Razi,unless otherwise agreed.
• C)according to their capital contributions to the partnership.
• D)in whatever proportion provides the greatest tax advantage for the partners that year.

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