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What is partnership profit-and-loss methods

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Reference no: EM132469269

Question 1: Which one of the following partnership profit-and-loss methods would be valid in the event the partnership agreement is silent as to the distribution of partnership income?

Option A. An agreed-upon ratio other than equal

Option B. Ratios based upon the capital account balances at the beginning of the year

Option C. Ratios based upon management contribution

Option D. An equal division among all partners

Reference no: EM132469269

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