Examlex
One of the four primary functions of management is
Partnership Income
The earnings distributed to partners of a partnership based on the terms of the partnership agreement.
Equal Division
The process of dividing something into parts or portions that are as nearly equal as possible.
LLP
Limited Liability Partnership, a partnership in which some or all partners have limited liabilities, protecting personal assets from debts and liabilities of the partnership.
Net Income
The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenues.
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