In a Partnership,the Profit and Loss Sharing Ratio Will Be

question 22

Multiple Choice

In a partnership,the profit and loss sharing ratio will be based on:

• A)The relative capital contributions of the partners
• B)The relative effort contributed by the partners
• C)The relative business risks assumed by the partners
• D)Any formula that the partners may choose

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Concerning the essential elements or practical substance of a matter, rather than formal, procedural, or superficial aspects.

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Demonstrated to be true or effective through observation or experience rather than theory or pure logic.

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Contemporary approaches and practices in managing and leading organizations, emphasizing innovation, flexibility, and embracing change.

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