Dill and Edy form a partnership.Edy's capital contribution is $10,000,and Dill's is $15,000.The partnership agreement provides that profits are to be shared,with 40 percent for Edy and 60 percent for Dill.Later,Edy makes a $10,000 loan to the partnership when it needs working capital.When the partnership is dissolved,its assets are $50,000,and its debts are $8,000.How should the assets be distributed?

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The Answer of Dill and Edy form a partnership.Edy's capital contribution is $10,000,and Dill's is $15,000.The partnership agreement provides that profits are to be shared,with 40 percent for Edy and 60 percent for Dill.Later,Edy makes a $10,000 loan to the partnership when it needs working capital.When the partnership is dissolved,its assets are $50,000,and its debts are $8,000.How should the assets be distributed?

Dill and Edy Form a Partnership