If no other method of dividing net income or net losses is specified in the partnership agreement,it is divided
A) in relation to the partners' capital account balances.
B) in relation to the amount of time each partner devotes to the business.
C) in relation to the original investment by each partner.
D) equally.

Question

Quizplus · Accepted Answer

If the partnership agreement does not specify a method for dividing net income or losses, they are divided equally among the partners by default.

If No Other Method of Dividing Net Income or Net