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If there is no written agreement as to the way income will be divided among partners,
a. they will share income and losses according to their capital balances
b. they will share income and losses equally
c. they will share income and losses according to the time devoted to the business
d. there really is no partnership agreement

Respuesta :

Answer: they will share income and losses equally

Explanation: A partnership is a business arrangement owned by at least two people. If there is no profit sharing formula in a partnership they share the profit and loss equally, since they all own the business.

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