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A partnership's profit or loss must be divided between partners based on: A. An equal distribution between partners after salary allowances have been deducted. B.

A partnership's profit or loss must be divided between partners based on:

A. An equal distribution between partners after salary allowances have been deducted.

B. The time devoted to the partnership by each partner.

C. The terms as specified in the partnership agreement.

D. The amount invested by each partner.

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