What is the share of liability for each partner


Question: Partner A took out a loan on behalf of the partnership that is not secured by collateral. Partner A was the only signer. There are 3 partners. The loan was in the amount of $150,000. What is the share of liability for each partner? Choose One Partner A $150,000 , Partner B & C $0 Partner A $100,000, Partner B & C $25,000 each All Partners $50,000 each Partner A $0, Partner B & C $75,000 each

 

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Accounting Basics: What is the share of liability for each partner
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