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Bill, Joan, and Mark are all of the members of the Lawn Maintenance Service LLC.Bill contributed $2,000, Joan contributed $5,000, and Mark contributed $3,000.The Operating
Bill, Joan, and Mark are all of the members of the Lawn Maintenance Service LLC.Bill contributed $2,000, Joan contributed $5,000, and Mark contributed $3,000.The Operating Agreement says nothing about how profits or losses are to be divided.Last year, Lawn Maintenance Service LLC had a loss of $50,000.List the amount of loss is allocated to each member, showing the calculation used in arriving at your results.
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