Suppose your business is organized as a partnership. Lets also suppose that your own personal assets are
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Suppose your business is organized as a partnership. Let’s also suppose that your own personal assets are $150,000, of which $50,000 is invested in the partnership. If the partnership goes bankrupt with assets of $300,000 and liabilities of $420,000, you may still stand to lose
a. $420,000.
b. $270,000.
c. $120,000.
d. $100,000.
e. $50,000.
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