A,B,C and D formed a Limited partnership. A was the general partner and B, C, and D were the limited partners. here are the facts as follow:
partner capital contribution
A $ 20,000
B $ 50,000
C $60,000
D $ 0
In addtion to the capital contrubutions above, partner C makes a $10,000 loan to the partnership.
- after 3 years of operationi the partners would voted unanimously to dissolve and wind up the partnership.
- After liquidation the assets, the partnership had $ 180,000 in cash and owed $ 160,000 to creditios (other than amounts to partners).
2007-10-04
12:14:21
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