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If it is required to maintain fixed capitals then the partners’ shares of profits must be--?

aamir @aamir

May 2021 1 72 Report

If it is required to maintain fixed capitals then the partners’ shares of profits must be--?

Politics & Government / Law & Ethics

Answers & Comments

STEVEN F

A requirement to maintain a fixed amount of capital has absolutely no effect on the division of profit among the partners. It only limits HOW MUCH profit can be distributed.

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