Question 50 of 82 View Policies Current Attempt in Progress In the liquidation of...
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Question 50 of 82 View Policies Current Attempt in Progress In the liquidation of a partnership, any partner who has a capital deficiency O has a personal debt to the partnership for the amount of the deficiency. O is automatically terminated as a partner. O is not obligated to make up the capital deficiency. O will receive a cash distribution only on the basis of his or her income-sharing ratio. Question 51 of 82 -/1 E View Policies Current Attempt in Progress Partners Karen, Beth, and Cathy have capital account balances of $ 93000 each. The income and loss ratio is 5:2:3, respectively. In the process of liquidating the partnership, noncash assets with a book value of $ 66900 are sold for $29400. The balance of Beth's Capital account after the sale is O $72930 $85500 5101820 0 $68238 Question 40 of 82
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