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ABC Partnership is a limited liability partnership wit h three partners Able, Baker, and Charlie. ABC is organized and headquartered in a state that has

ABC Partnership is a limited liability partnership wit h three partners Able, Baker, and Charlie. ABC is organized and headquartered in a state that has adopted the Revised Uniform Partnership Act (1997). ABCs partnership agreement provides: The partners shall share profits as follows: Able 40%; Baker 40%; Charlie 20%. The agreement says nothing about how losses will be shared. As of the end of 2018, the three partners accounts had the following balances: Able $80,000 Baker $50,000 Charlie $25,000 Two things have happened to the partnership since then: In 2019, the partnership suffered a loss of $100,000. On January 1, 2020, the partnership dissolved. After selling its assets and paying its creditors, its only asset was $35,000 cash Discuss how the remaining cash should be distributed among the three p artners

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