Unless the Articles of Partnership States Otherwise,which of the Following

question 21

Multiple Choice

Unless the articles of partnership states otherwise,which of the following is true regarding the rights of partners to share in profits?

• A) Distribution of profits is suspended until the partners amend the articles of partnership to address the distribution of profits.
• B) Partners share in profits in proportion to the amount of capital contributed to the partnership.
• C) Partners share in profits in proportion to the amount of work done for the partnership.
• D) Partners share in profits in proportion to their seniority with the partnership with partners of equal seniority sharing equally in profits.
• E) All partners have a right to share profits equally.

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