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Which of the following terms refers to the distribution of profits among partners?

Practice Questions

1 question
Q1
Which of the following terms refers to the distribution of profits among partners?
  1. Capital contribution
  2. Profit sharing
  3. Equity distribution
  4. Revenue allocation

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following terms refers to the distribution of profits among partners?
Solution: Profit sharing refers to the distribution of profits among partners based on the terms outlined in the partnership agreement.
Steps: 0

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