The distribution of profits in partnerships and LLCs is always based on:
A) original cash contributions
B) accumulated cash contributions
C) accumulated cash and labor contributions
D) accumulated cash, labor, and asset contibutions
E) terms specified in the partnership agreement and does not need to be based on contributions
Correct Answer:
Verified
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Q6: Corporate bylaws are:
A) uniform across all corporations
B)
Q7: Voting rights of LLCs are always based
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