If the partnership agreement does not apportion profits,profits are shared in the same proportion as a partner's investment of capital in the firm.

Name: If the partnership agreement does not apportion profits,profits are shared in the same proportion as a partner's investment of capital in the firm.
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Quizplus · Accepted Answer

In the absence of a specific agreement, profits are typically shared equally among partners, regardless of their capital contributions, unless otherwise stipulated by law or the partnership agreement.

If the Partnership Agreement Does Not Apportion Profits,profits Are Shared