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Business Accounting GEN COMBO LL FINANCIAL ACCOUNTING:INFORMATION FOR DECISIONS; CONNECT ACCESS CARD

Partnership contract is also called as partnership agreement. This agreement contains all the written terms and conditions for the partnership. The agreement specifies the duration of the partnership, profit sharing ratio, and provisions for admission/retirement/ death of the partners etc. To indicate: the time period of the partnership. Generally a partnership agreement or contract specifies the time period of the partnership. If the time period of the partnership is not specified in the partnership agreement, then the partnership is assumed as partnership at will. Partnership at will means partnership shall end with the will of partners and partnership will continue until the partners wants to liquidate it.

Partnership contract is also called as partnership agreement. This agreement contains all the written terms and conditions for the partnership. The agreement specifies the duration of the partnership, profit sharing ratio, and provisions for admission/retirement/ death of the partners etc. To indicate: the time period of the partnership. Generally a partnership agreement or contract specifies the time period of the partnership. If the time period of the partnership is not specified in the partnership agreement, then the partnership is assumed as partnership at will. Partnership at will means partnership shall end with the will of partners and partnership will continue until the partners wants to liquidate it.

GEN COMBO LL FINANCIAL ACCOUNTING:INFORMATION FOR DECISIONS; CONNECT ACCESS CARD

GEN COMBO LL FINANCIAL ACCOUNTING:INFORMATION FOR DECISIONS; CONNECT ACCESS CARD

8th Edition

ISBN: 9781259912351

Author: John J Wild

Publisher: McGraw-Hill Education

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Chapter C, Problem 9BTN

Chapter D, Problem 2DQ

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If a partnership contract does not state the period of time the partnership is to exist, when does the partnership end?

Chapter D Solutions

GEN COMBO LL FINANCIAL ACCOUNTING:INFORMATION FOR DECISIONS; CONNECT ACCESS CARD

Ch. D - Prob. 1DQ Ch. D - Prob. 2DQ Ch. D - Prob. 3DQ Ch. D - Prob. 4DQ Ch. D - Prob. 5DQ Ch. D - Prob. 6DQ Ch. D - Prob. 7DQ Ch. D - Prob. 8DQ Ch. D - Prob. 9DQ Ch. D - Prob. 10DQ

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