How is a partner s share of profits or losses i... - SS2 Accounting Partners’ Capital Account Question
How is a partner's share of profits or losses in a partnership determined?
A
Based on the amount of interest paid to the partner
B
Based on the partner's initial investment in the partnership
C
Based on the partner's capital account balance
D
Based on the number of years the partner has been in the partnership
correct option: c
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