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Ashley, Barbara and Clarence form a partnership with Ashley contributing $1,000 capital, Barbara contributing $5,000 capital and Clarence contributing $10,000 capital.Each partner also loaned the
Ashley, Barbara and Clarence form a partnership with Ashley contributing $1,000 capital, Barbara contributing $5,000 capital and Clarence contributing $10,000 capital.Each partner also loaned the partnership $2,000 which has not been repaid.When the partnership is liquidated, its assets are $50,000 and its liabilities to creditors are $25,000.Under RUPA, how much will ASHLEY receive?
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