Accounting homework question?

Accounting homework question?



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?
A. An agreed-upon ratio other than equal
B. Ratios based upon the capital account balances at the beginning of the year
C. Ratios based upon management contribution
D. An equal division among all partners





Posted Answers:

C