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Which of the following would be least likely to be used as a means of allocating profits among partners who are active in the management
Which of the following would be least likely to be used as a means of allocating profits among partners who are active in the management of the partnership?
- Salaries
- Bonus as a percentage of net income before the bonus
- Bonus as a percentage of sales in excess of a targeted amount
- Interest on average capital balances
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Auditing And Assurance Services
Authors: Alvin Arens, Randal Elder, Mark Beasley
14th Edition
1256560812, 9781256560814
