Practicing Success
Practicing Success
CUET Preparation Today
What is the default assumption if nothing is specified regarding the new partner's share of profits from the old partners? |
The new partner acquires an equal share of profits from the old partners The new partner acquires a larger share of profits from the old partners The new partner acquires a smaller share of profits from the old partners The new partner acquires in the profit sharing ratio of old partners |
The new partner acquires in the profit sharing ratio of old partners |
If nothing is specified regarding the new partner's share of profits from the old partners, the default assumption is that the new partner acquires in the profit-sharing ratio from the old partners. |
