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Business, 06.07.2021 16:40 jordanmartinezacierr

Laurel and Octavia form a partnership. Laurel contributes $2,000 in cash, while Octavia contributes $1,000. Throughout the life of the partnership, Laurel additionally loans the partnership $5,000. When Laurel and Octavia decide to dissolve the partnership, $10,000 remains after they have paid all of their outside creditors. Absent a partnership agreement to the contrary, how should the $10,000 be distributed

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Laurel and Octavia form a partnership. Laurel contributes $2,000 in cash, while Octavia contributes...

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