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5. A capital deficiency means that A) The partnership has a loss B) The partnership has more liabilities than assets C) At least one partner
5. A capital deficiency means that A) The partnership has a loss B) The partnership has more liabilities than assets C) At least one partner has a debit balance in his/her capital account D) At least one partner has a credit balance in hisher capital account E) The partnership has been sold at a loss 6. Dr. Dre and Snoop Dogg are partners. Dre's capital balance in the partnership is 564,000, and Snoop's capital balance 561,000. Dre and Snoop have agreed to share equally in income or loss. Dre and Snoop agree to accept Chuck with a 20% interest . Chuck D will invest $35,000 in the partnership. The bonus that is granted to Dre and Snoop quals A) 51.500 each B SI 875 cach 6) 9,780 each D) 1.920 to Dro: 51,830 to Snoop E) 50, because Dre and Snoop granta bonus to Chuck D
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