Partnership It is that form of organization which is owned and managed by two or more persons who invest and share the profits and losses according to a pre-determined ratio. The revenue per employee for each year.

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Chapter 12, Problem 12.7BPE

a.

To determine

Partnership

It is that form of organization which is owned and managed by two or more persons who invest and share the profits and losses according to a pre-determined ratio.

The revenue per employee for each year.

b.

To determine

To interpret: The results of both the year.

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