MCQOPTIONS
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| 1. |
In the absence of an agreement to the contrary, the partners are entitled to ________ interest on loans to the firm, ________. |
| A. | 6%; only when there are profits |
| B. | 9%; only when there are profits |
| C. | 6%; whether or not there are profits |
| D. | 9%; whether or not there are profits |
| Answer» D. 9%; whether or not there are profits | |