Multiple Choice
Mike,Randy,and Steve are partners of a partnership.Mike and Steve loan the partnership $10,000 each.Which of the following statements is true?
A) Randy is a debtor of the partnership.
B) Mike and Steve are the sole owners of the partnership.
C) Mike and Steve are both owners and creditors of the partnership.
D) Mike,Randy,and Steve are all owners and creditors of the partnership.
Correct Answer:
Verified
Correct Answer:
Verified
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