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If the partnership agreement does not specify how net profit is to be divided, t...


Question

If the partnership agreement does not specify how net profit is to be divided, the profit should be divided .

Options

A) equally

B) in accordance with an established

C) in proportion of current account balances

D) in proportion of weighted average of capital

The correct answer is A.

Explanation:

profit or loss are expected to be share equally in the absence of any agreement

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