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Where There Is No Agreement in a Limited Partnership Regarding

Question 42

Multiple Choice

Where there is no agreement in a limited partnership regarding the allocation of profits,how are they allocated?


A) equally among all the partners
B) one-half equally among the general partners,one half equally among the limited partners
C) among all partners,in proportion to capital invested in the partnership
D) one-half among limited partners in proportion to capital invested,and one half among general partners in proportion to capital invested
E) in accordance with which partners generated the profits

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