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Under general circumstances, debt is allocated from the partnership to each partner in the following...

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Accounting

Under general circumstances, debt is allocated from the partnership to each partner in the following manner:
Multiple Choice
recoursecapital ratios; nonrecoursecapital ratios.
recourseto partners with the ultimate responsibility for paying the debt; nonrecourseprofit-sharing ratios.
recourseprofit-sharing ratios; nonrecourseto partners with the ultimate responsibility for paying the debt.
recourseprofit-sharing ratios; nonrecourseprofit-sharing ratios

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