Changes in the profit sharing ratio may occur as a result...
Changes in the profit sharing ratio may occur as a result of
I. skill contributed by partners
II. health status
III. old age
IV. Intangible asset increase
I, III and IV
I and III
I, II and III
I, II and IV
Correct answer is C
Change in profit sharing ratio may occur as a result of the following:
- changes in skill contributed by partners
- ill health
- old age
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