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1. Which of the following statements is true regarding the division of profits in a general partnership when the written partnership agreement only provides that

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1. Which of the following statements is true regarding the division of profits in a general partnership when the written partnership agreement only provides that losses be divided equally among the partners? Profits are to be divided a. Based on the partners' ratio of contribution to the partnership. b. Based on the partners' participation in day-to-day management. c. Equally among the partners. d. Proportionately among the partners

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