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losses up to the total of their net worth regardless of the size of their com-
mitments as partners before the loss.
Figures 5.4 to 5.6 shows the balance sheet of a limited partnership.
With a limited partnership, the general partners must pay in additional
capital if losses exceed the paid-in capital. Limited partners cannot be re-
quired to invest additional capital.
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79
Balance Sheet for Limited Partnership
FIGURE 5.4
Balance Sheet for Limited Partnership
Limited Partnership Balance Sheet after Loss
FIGURE 5.5
Limited Partnership Balance Sheet after Loss
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