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Which partnership profit or loss must be divided

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Reference no: EM132780719

Problem 1: A partnership's profit or loss must be divided between partners based on:

a. The time devoted to the partnership by each partner.

b. The amount invested by each partner.

c. An equal distribution between partners after salary allowances have been deducted.

d. The terms as specified in the partnership agreement.

Reference no: EM132780719

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