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Llabillty comparlsons Merideth Harper has invested $25,000 in Southwest Development Company. The firm has recently declared bankruptcy and has $60,000 in unpaid debts. Explain the nature of payments, if any, by Merideth in each of the follawingsituations.a. Sauthwest Develapment Company is a sole proprietorship owned by Ms. Harper.b. Southwest Development Campany is a 50-50 partnership of Merideth Harper and Christapher Blacka. If Southwest Develapment Company is a sole praprietarship owned by Ms. Harper: (Select the best answer below.)O A. Ms. Harper has limited iability, which is the amount of $80,000 in unpaid debts.O B. Ms. Harper has unlimited liability, which means creditors can claim against her personal assets.C.O D.Ms. Harper has limited liability, which guarantees that she cannot lose more than the $25,000 she invested.Ms. Harper has unlimited liability, which means creditors can only claim against the S25 000 she invested

Question
Llabillty comparlsons Merideth Harper has invested $25,000 in Southwest Development Company. The firm has recently declared bankruptcy and has $60,000 in unpaid debts. Explain the nature of payments, if any, by Merideth in each of the follawing
situations.
a. Sauthwest Develapment Company is a sole proprietorship owned by Ms. Harper.
b. Southwest Development Campany is a 50-50 partnership of Merideth Harper and Christapher Black
a. If Southwest Develapment Company is a sole praprietarship owned by Ms. Harper: (Select the best answer below.)
O A. Ms. Harper has limited iability, which is the amount of $80,000 in unpaid debts.
O B. Ms. Harper has unlimited liability, which means creditors can claim against her personal assets.
C.
O D.
Ms. Harper has limited liability, which guarantees that she cannot lose more than the $25,000 she invested.
Ms. Harper has unlimited liability, which means creditors can only claim against the S25 000 she invested
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Llabillty comparlsons Merideth Harper has invested $25,000 in Southwest Development Company. The firm has recently declared bankruptcy and has $60,000 in unpaid debts. Explain the nature of payments, if any, by Merideth in each of the follawing situations. a. Sauthwest Develapment Company is a sole proprietorship owned by Ms. Harper. b. Southwest Development Campany is a 50-50 partnership of Merideth Harper and Christapher Black a. If Southwest Develapment Company is a sole praprietarship owned by Ms. Harper: (Select the best answer below.) O A. Ms. Harper has limited iability, which is the amount of $80,000 in unpaid debts. O B. Ms. Harper has unlimited liability, which means creditors can claim against her personal assets. C. O D. Ms. Harper has limited liability, which guarantees that she cannot lose more than the $25,000 she invested. Ms. Harper has unlimited liability, which means creditors can only claim against the S25 000 she invested

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