Brandy and ken have been colleagues for many years brandy, Ask an Expert

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Brandy and Ken have been colleagues for many years. Brandy invested $10,000 in their joint business, and Ken invested $15,000. Their firm, BK, develops software. BK has $25,000 in debt. One day, Ken decided to take all of BK’s cash, software, and other assets. He was last seen boarding a plane on a one - way ticket for Argentina. If BK were now to go bankrupt, what would happen to Brandy (in terms of her equity and debt) had their firm been structured as:

a. a corporation;

b. an LLC;

c. a general partnership;

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91543629

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