Question
The equal DEF partnership has the following balance sheet: Cash and other assets $400,000 Recourse liabilities $100,000 Capital D $100,000 Capital E $100,000 Capital F
The equal DEF partnership has the following balance sheet:
Cash and other assets $400,000
Recourse liabilities $100,000
Capital D $100,000
Capital E $100,000
Capital F $100,000
The profits and losses are allocated 40% to D, and 30% each to E and F. Under the partnership agreement there is a capital account deficit restoration provision. How should the liability be allocated?
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BondsA Concise Guide For Investors
Authors: M. Choudhry
2nd Edition
0230006493, 9780230006492
