Business, 12.08.2020 06:01 heatherlemaster

In the liquidation of a partnership, any gain or loss on the realization of non-cash assets should be allocated:. a. first to creditors and the remainder to partners.
b. to the partners on the basis of their capital balances.
c. only after all creditors have been paid.
d. to the partners on the basis of their income-sharing ratio.

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