Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how can partnership profits be distributed? if you

How can partnership profits be distributed? If you and twofriends were to organize a...

90.2K

Verified Solution

Question

Accounting

How can partnership profits be distributed? If you and twofriends were to organize a partnership, how would you want yourprofits to be distributed? Explain.

Answer & Explanation Solved by verified expert
4.2 Ratings (558 Votes)
Partnership is the result of an agreement between two or more persons who voluntarily agree to pool the resources to do a lawful business and to share profits and losses there from an agreed proportion All partnerships are formed out of an agreement between the partners The agreement may be    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: AccountingHow can partnership profits be distributed? If you and twofriends were to organize a partnership,...How can partnership profits be distributed? If you and twofriends were to organize a partnership, how would you want yourprofits to be distributed? Explain.

Other questions asked by students

Statistics
1.2K views

The home run percentage is the number of home runs per 100 times at bat. A...

Accounting
1.2K views

Develop a hypothetical company. Discuss and describe in detail what costs the product would entail, as...

Physics
1.2K views

Red light 1 600 nm falls on a single slit an forms a diffraction pattern...

Geometry
1.2K views

Sketch the graph of f x 3 x 104 gatal 10

Basic Math
1.2K views

50 77 to the nearest tenth The number 160 77 rounded to the

Basic Math
1.2K views

Find the LCD for the list of rational expressions.8x+1/x2 + 5x-6 . 4x / x2+4x-5The...

Calculus
1.2K views

20 15 10 5 y 20 15 10 0 10 15 20 5 10 15...

Algebra
1.2K views

Estimated Monthly Salary 5600 5000 4500 4000 3500 3000 2500 2000 Estimated Monthly Salary 13...

Accounting
1.2K views

From the first e-Activity, determine at least two (2) AICPA Professional Conduct principles that are...

Accounting
1.2K views

May 1. Aug 30 Sold merchandise on account to Taiwan Palace Co., $25,800. The cost...

Finance
1.2K views

Due to the advent and proliferation of life extension technology, the funeral services industry has...

Accounting
1.2K views

Kopol inc has a detined Benelit pensiun plan Te trustee the pension plan repart that''the...