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Please explain each of the following questions thoroughly: Pursuant to an action for dissolution and an accounting between the partners, A , B , C
Please explain each of the following questions thoroughly:
Pursuant to an action for dissolution and an accounting between the partners, A B C and D the court has determined the following facts:
After liquidation of all assets, the firm has $
Liabilities to outside creditors are $
The firm was founded years ago with a total capital of $ contributed: $ by A $ by B and $ by C; D contributed no capital.
No agreement was made as to profit sharing, but A and B felt they were entitled to a greater share of profits because they contributed most of the capital.
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