9. A partnership in liquidation has satisfied all of its nonpartner liabilities and has cash available for
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9. A partnership in liquidation has satisfied all of its nonpartner liabilities and has cash available for distribution to partners. Under what circumstances would it be permissible to divide available cash in the profitand loss-sharing ratios of the partners?
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Related Book For 
Advanced Accounting
ISBN: 9781292214597
13th Global Edition
Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith
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