Question: On May 15, Issac contributed $5,500 for a 10% interest in the general partnership, Mac's Tools. The partnership took out a loan for $15,000 on

On May 15, Issac contributed $5,500 for a 10% interest in the general partnership, Mac's Tools. The partnership took out a loan for $15,000 on June 20. Issac's distributive share for the year was $3,7...

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