Multiple Choice
Alan and Delen enter into a partnership agreement with a $10,000 capital contribution.Six months later,Delen loans Alan $1,000.The loan is a:
A) partnership capital contribution.
B) loan to the partnership,rather than to Alan.
C) loan to both the partnership and to Alan.
D) personal loan to Alan only.
Correct Answer:
Verified
Correct Answer:
Verified
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