Match the terms on the left with the descriptions on the right. A description may be used only once.

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Terms 1. Dissolution 2. Right of offset 3. A partner's loss absorption power 4. Liquidation 5. Marshaling of assets 6. Claims of a partner's personal creditors 7. Claims of the partnership creditors 8. Statement of partnership realization and liquidation 9. Installment liquidation 10. Cash distribution plan 11. Incorporation of a partnership 12. Partner's deficit in capital 13. Lump-sum liquidation 14. Safe payments to partners Descriptions of Terms A. The sale of the partnership assets, payment of the partnership creditors, and the distribution of any remaining assets to partners. B. Allocated to other partners in their profit and loss sharing ratio if the partner is personally insolvent. C. A schedule which shows how cash is to be distributed as it becomes available during liquidation process. D. These have priority over the claims of partnership creditors to the personal assets of a partner. E. This is computed by dividing the sum of a partner's capital and loan balances by that partner's profit and loss sharing ratio. F. A partnership's assets and liabilities are revalued to their market values. G. A change in the legal relationship between partners. H. The end of the normal business function of the partnership. I. The order of creditors' rights against the partnership's assets and the personal assets of each partner. J. The personal assets of Partner L may be used to satisfy these after the personal creditors of Partner L are satisfied. K. A deficit in Partner D's capital account is reduced to zero because the partnership has a loan payable to Partner D. L. A liquidation in which all assets are converted into cash over a short time period, enabling all creditors to be paid, with any remaining cash being distributed according to the partner's capital balance. M. These cash payments to partners are computed on the assumption that all noncash assets will be sold for nothing. N. This presents, in workpaper form, the effects of the liquidation process on the balance sheet accounts of the partnership. O. A liquidation in which cash is periodically distributed to partners during the liquidation process.