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Bob and Lucy started a general partnership called The Koffee Kamp. Bob and Lucy each have personal assets exceeding $200,000 in value; however, Bob only
Bob and Lucy started a general partnership called The Koffee Kamp. Bob and Lucy each have personal assets exceeding $200,000 in value; however, Bob only invested $4,000 and Lucy invested $10,000 in the business. If the partnership cannot pay its bills totaling $60,000 and is sued, then the MOST Bob could lose is ?
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Pearsons Federal Taxation 2023 Individuals
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse
36th Edition
0137700121, 9780137700127
