Samuel Organized a Limited Partnership and Is the Only General

question 167

Multiple Choice

Samuel organized a limited partnership and is the only general partner. Francesca invested $25,000 in the partnership and was admitted as a limited partner with the understanding that she would receive 12% of the profits. After several unprofitable years, the partnership ceased business, at which time the partnership had liabilities $60,000 greater than its assets. How much money can the partnership creditors obtain from Francesca personally to satisfy the partnership debts?

• A)$30,000
• B)$25,000
• C)$7,200
• D)$3,000
• E)$0

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Definitions:

Reaction Sequence

A series of chemical reactions carried out one after another, where the product of one reaction serves as the reactant for the next.

Synthetic Synthesis

The process of artificially creating complex chemical compounds from simpler ones, often used in pharmaceuticals and materials science.

Organic Structure

The arrangement of atoms within an organic molecule, defining its specific chemical properties and reactivity.

Reaction Sequence

A series of chemical reactions performed in a specific order to transform a starting material into a desired product through intermediate compounds.