Question: Entier problem statement, appropriate input type, and other instruction here Ellyn is the general partnera and Danny in the limited partner in ED Limited partnership.
Entier problem statement, appropriate input type, and other instruction here Ellyn is the general partnera and Danny in the limited partner in ED Limited partnership. The partnership has borrowed on a recourse basis to finance its operations. The partnership agreement provides that the partnership will maintain capital account in conformity with IRS regulations, upon liquidation of the partnership each partner will receive the positive balance in their capital socounts. Ellyn as general partner must make up any deficit in her capital account upon partnership liquidation. Danny as imited partner is not obligated to make up any defloitin his capital count upon partnership liquidation The partnership agreement provides that Elyn is to receive 25% of all partnership profits and losses and Danny is to receive 76% of all partnership profits and lossen. On December 31, 2020 Elyn has a positive capital account of $100.000 and Danny has a positive capital account of $300,000 The partnership has a nations of $500,000 in 2020. How is that scaled between Ellyn and Danny ? O A $100.000 to Ellyn: $400.000 to Danny OD $125.000 to Ellyn 5375.000 to Danny OC $250,000 to Elyn: 5250,000 to Danny OD. $200,000 to Ellyn: $300.000 to Danny
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