Which of the following is true of the distribution of profits earned by a partnership?
A) They are distributed equally irrespective of the capital provided by each partner.
B) They are distributed based on the work each partner puts into the business.
C) They are distributed based on the credit rating of each partner.
D) They are distributed in the proportions specified in the articles of partnership.
E) They are distributed as per the guidelines in articles of incorporation.
Correct Answer:
Verified
Q48: A corporation doing business outside the state
Q49: A corporation doing business in the state
Q50: _ are profits of a corporation that
Q51: A(n)_ is a legal entity,created by the
Q52: _ are typically owned by many individuals
Q54: Which of the following is a disadvantage
Q55: Which of the following is a defining
Q56: Organizations such as the National Aeronautics and
Q57: Which of the following is an advantage
Q58: Which of the following items is found
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents