Proprietors receive all distributions of profits from the business. In the partnership, the distribution of profits and losses depends on the partnership agreement.

Name: Proprietors receive all distributions of profits from the business. In the partnership, the distribution of profits and losses depends on the partnership agreement.
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Question

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In a sole proprietorship, the owner receives all profits. In a partnership, profit distribution is determined by the partnership agreement.

Proprietors Receive All Distributions of Profits from the Business