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Assume the Articles of Partnership State That Partnership Profits and Losses

Question 14

Multiple Choice

Assume the articles of partnership state that partnership profits and losses should be divided between Partners F and G in the ratio of 70:30.Partnership income of $100,000 would be divided as follows:


A) ​F would receive $70,000
B) ​G would receive $70,000
C) ​F & G each would receive $50,000
D) ​F would receive $30,000

Correct Answer:

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