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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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Transcribed Image Text

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

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