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John Michaels has invested $10,000 in Alligator Timeshares Company (ATC). The company has declared bankruptcy...

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Accounting

John Michaels has invested $10,000 in Alligator Timeshares Company (ATC). The company has declared bankruptcy and owes $80,000 in excess of its few remaining assets to various creditors.

If ATC is a corporation, for how much is John liable?

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