s a 50% interest Gail is a limited partner who also owns 50%. The partner has $30000 in recourse liability and $20000 in no recourse liabilities. Lauren is personally liable for what amount of the partnership debt
s a 50% interest Gail is a limited partner who also owns 50%. The partner has $30000 in recourse liability and $20000 in no recourse liabilities. Lauren is personally liable for what amount of the partnership debt
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 32P
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Lauren is a general partner who owns a 50% interest Gail is a limited partner who also owns 50%. The partner has $30000 in recourse liability and $20000 in no recourse liabilities. Lauren is personally liable for what amount of the partnership debt
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT