Question
Blake is the only general partner in ABC Limited Partnership. He contributes $100,000 in capital. Deandre and Chris are the only limited partners. They each
Blake is the only general partner in ABC Limited Partnership. He contributes $100,000 in capital. Deandre and Chris are the only limited partners. They each contribute $50,000 in capital. ABC suffers a loss of $36,000. The partners do not have a partnership agreement. What is Deandre's share of this loss?
A. $12,000
B. $9,000
C. $18,000
D. $36,000
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Cox Bok And Gormans Labor Law
Authors: Matthew Finkin, Timothy Glynn
17th Edition
1684679818, 978-1684679812
