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Partnership income and losses are usually divided on the basis of interest, salaries, and stated ratios because a . it prevents arguments among the partners
Partnership income and losses are usually divided on the basis of interest, salaries, and stated ratios because
a it prevents arguments among the partners
b partners seldom contribute time and resources equally
c it is simpler than following the legal rules
d this method reflects the amount of time devoted to the partnership by the partners
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