Answered: Is there any situation wherein profit…

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Is there any situation wherein profit and loss ratio may be used as the basis of cash payments to partners? Explain

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter8: Securities Law Considerations When Obtaining Venture Financing

Section8.3: Process For Determining Whether Securities Must Be Registered

Problem 2CC

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Is there any situation wherein profit and loss ratio may be used as the basis of cash payments to partners? Explain.

Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item

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