contributes cash or other non-cash assets to the 1. A partner who con You and I are business partners. We agreed to share profits and partnership, rather than services, is called an industrial Use the...

TRUE OR FALSE

Extracted text: contributes cash or other non-cash assets to the 1. A partner who con You and I are business partners. We agreed to share profits and partnership, rather than services, is called an industrial Use the following information for the next four questions: partner. and I are business partners. We agreed to share profits and losses equally. 2 If our partnership business earns profit of P10, your share is P3. 3 We agreed that I should receive a salary of 1. If our partnership business earns profit of 10, my share is 5.5 while your share is P4.5.