If no other method of dividing net income or net losses is specified in the partnership agreement, it is divided
A)equally.
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)in relation to the partners' capital account balances.

Question

Quizplus · Accepted Answer

If no other method of dividing net income or net losses is specified in the partnership agreement, the default method is to divide it equally among all partners.

If No Other Method of Dividing Net Income or Net