Cora is a general partner who owns 50% interest in CS Brands a partnership. Jason...
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Accounting
Cora is a general partner who owns interest in CS Brands a partnership. Jason is a limited partner in the business; he also has a ownership interest. The partnership has $ in recourse liability and $ in nonrecourse liabilities. To what extent are Cora's personal assets at risk due to her share of the partnership debt?
Cora is a general partner who owns interest in CS Brands a partnership. Jason is a limited partner in the business; he also has a ownership interest. The partnership has $ in recourse liability and $ in nonrecourse liabilities. To what extent are Cora's personal assets at risk due to her share of the partnership debt?
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