If a partnership agreement does not specify how income is to be distributed,the partners share the income equally.
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Q21: Partner X purchases Partner Y's $25,000 interest
Q21: Income is divided equally among the partners
Q22: When a newly admitted partner pays a
Q25: Partner A purchases Partner B's $3,000 interest
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Q39: When M purchases N's $10,000 capital interest
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Q46: The admission of a partner does not
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