Multiple Choice
Kelly,Lars,and Mona agree to be partners in Neighborhood Delivery Service (NDS) ,splitting the profits equally.Kelly contributes 67 percent of the capital.When NDS is dissolved,its liabilities are greater than its assets.The losses are paid by
A) all of the partners in proportion to their capital contributions.
B) all of the partners in proportion to their shares of the profits.
C) Kelly because she contributed most of the capital.
D) Lars and Mona because they contributed the least of the capital.
Correct Answer:
Verified
Correct Answer:
Verified
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