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1 . List all of the hypothetical events that occur during a constructive liquidation test for allocation of partnership recourse liabilities. 2 . At the

1 .

List all of the hypothetical events that occur during a constructive liquidation test for allocation of partnership recourse liabilities.

2 .

At the end of the hypothetical liquidation scenario, how do you know if a limited or general partner bears the economic risk of loss for a liability?

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