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The Bronx General Partnership had assets worth $36,000 after liquidation. Tom, Paul, April, and Louis, equal partners, each contributed $3,000 into the capital pool at
The Bronx General Partnership had assets worth $36,000 after liquidation. Tom, Paul, April, and Louis, equal partners, each contributed $3,000 into the capital pool at the inception of the business.Tom later loaned the business $8,000. They owe $24,000 to creditors. What will Tom get in distribution, assuming there is no agreement on the distribution of profits?
a. $8,000
b. $3,000
c. $11,000
d.$9,000
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