Explain the management of the partnership


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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Accounting Basics: Explain the management of the partnership
Reference No:- TGS0554928

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