The three partners in a business partnership each devote different hours every week to the...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The three partners in a business partnership each devote different hours every week to the operation of the business. The agreement says nothing about how profits are to be divided among the partners. In this case, the partners will be compensated:
Group of answer choices
Equally from the profits of the firm.
Based on capital contribution percentages.
By salaries based on hours worked per week, with the remaining profits divided equally.
Based on the number of hours worked per week.
Answer & Explanation
Solved by verified expert
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!
