Asked by Sierra Beets on May 05, 2024
Verified
Deb and Eve are partners in Foundations, a construction outfit. Deb manages the business. For this service, unless the partnership agreement states otherwise, she is entitled to pay in proportion to her
A) effect on the business.
B) effort.
C) capital contribution.
D) none of the choices.
Capital Contribution
It is the amount of money or assets that an investor puts into a company in exchange for part ownership or a stake in the company.
Manages Business
The process of organizing, planning, directing, and controlling the resources and operations of a business to achieve its goals and objectives.
Partnership Agreement
A partnership agreement is a legal document that outlines the rights, responsibilities, and obligations of each partner in a business partnership.
- Comprehend the impact of partnership agreements on the allocation of profits, losses, and managerial privileges.
Verified Answer
Learning Objectives
- Comprehend the impact of partnership agreements on the allocation of profits, losses, and managerial privileges.
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