TCO C, D) In the absence of express agreement to the contrary, partners in a general...

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Finance

TCO C, D) In the absence of express agreement to the contrary,partners in a general partnership _______________________ .
share profits and losses equally
share profits and losses in proportion to their equityinvestment
are liable for partnership obligations only to the extent oftheir investment in the partnership
share liability for partnership obligations in the same ratiothat they share profits and losses

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TCO C, D) In the absence of express agreement to the contrary,partners in a general partnership _______________________ .share profits and losses equallyshare profits and losses in proportion to their equityinvestmentare liable for partnership obligations only to the extent oftheir investment in the partnershipshare liability for partnership obligations in the same ratiothat they share profits and losses