Policies regarding all of the following points should be included in a partnership agreement EXCEPT ________.
A) division of stock
B) capital contribution
C) shares of profits or losses
D) decision-making process
E) departure of partners

Question

Quizplus · Accepted Answer

A partnership agreement typically does not include policies on the division of stock because partnerships do not issue stock. Stock division is relevant to corporations. A partnership agreement usually covers capital contribution, shares of profits or losses, decision-making processes, and the departure of partners.

Policies Regarding All of the Following Points Should Be Included