Which of the following best describes the nature of salary and interest allowances in a partnership profit and loss sharing agreement? A. A means of determining reasonable monthly withdrawals by each...

Which of the following best describes the nature of salary and interest allowances in a partnership profit and loss sharing agreement?

A. A means of determining reasonable monthly withdrawals by each partner

B. The amount upon which each partner will have to pay personal income tax

C. A means of distributing profit in relation to services rendered and capital invested by the partners

D. Expenses of the business that should be deducted from revenue in determining profit