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    College Accounting Study Set 5
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    Exam 19: Accounting for Partnerships
  5. Question
    If the Partnership Agreement Does Not State How Profits and Losses
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If the Partnership Agreement Does Not State How Profits and Losses

Question 51

Question 51

True/False

If the partnership agreement does not state how profits and losses are to be shared, they are allocated according to the partners' capital interests.

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