Business, 03.12.2021 19:50 SketchWasTaken

Lauren, Matthew, and Susan form a partnership, withLauren contributing $100,000; Matthew $50,000; andSusan her time and skill. Nothing is said regarding thedivision of profits. The firm later dissolves. No distribu-tions to partners have been made since the partnershipwas formed. The partnership sells its assets for a loss of$90,000. After payment of all firm debts, $60,000 is left. Lauren claims that she is entitled to the entire $60,000.Matthew contends that the distribution should be$40,000 to Lauren and $20,000 to Matthew. Susan claimsthe $60,000 should be divided equally among the part-ners. Who is correct

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Lauren, Matthew, and Susan form a partnership, withLauren contributing $100,000; Matthew $50,000; an...

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