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Under the ULPA,if Two General Partners Contribute $100,000 Each and 20

Question 61

Multiple Choice

Under the ULPA,if two general partners contribute $100,000 each and 20 limited partners contribute $2,000,000 each,and the profit is $2,010,000,each general partner's share of the profits is ________ and each limited partner's share is ________.


A) $100,000;$5,000
B) $10,000;$100,000
C) $100,000;$10,000
D) $5,000;$100,000

Correct Answer:

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