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Where There Is No Agreement to Share Profits in a Partnership,but

Question 115

Multiple Choice

Where there is no agreement to share profits in a partnership,but one partner invests twice as much capital in the partnership as the other over the course of the year,how are the profits to be distributed?


A) in the ratio of time devoted to the partnership
B) in the ratio of capital invested in the partnership
C) The profits must remain in the partnership, and are not to be distributed.
D) equally
E) in accordance with which partner earned them

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