Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
$8400 loss each is the share of Ramer and Knox. Since the profit sharing ratio is not given the loss will be divided equally between the partners. An agreement between two or more people to manage a business' operations and divide its assets and liabilities is known as a partnership.
All partners in a general partnership corporation split the company's assets and debts equally. All partners in a general partnership are equally liable financially and legally. The debts that the partnership incurs are personally liable to the individuals. Equal shares are also given to profits. In a partnership agreement, the mechanics of profit sharing will almost definitely be spelled out in writing.
To learn more about partners, click here
https://brainly.com/question/9281718
#SPJ4
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.
