* 1. Sameer and Sami are two partners in partnerships, divided profit & loss 5:3...
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Accounting
* 1. Sameer and Sami are two partners in partnerships, divided profit & loss 5:3 respectively, at the year ended 2018 the net income of the partnership $ 60,000 if Sameer received $ 40,000 Bonus and Sami received $ 4000 salary for managing the partnership what are the share of Sameer from remaining profit I Select one: a. 16,000 b. 10,000 C. 46,000 d. 6,000 2. A major advantage of the partnership form of organization is that the partners have unlimited liability. Select one True False
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