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

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

Answer Details

Change in profit sharing ratio may occur as a result of the following:
- changes in skill contributed by partners
- ill health
- old age