12. In an advance plan for installment distributions of cash to partners of a liquidating partnership, each partner's loss absorption potential is computed by

a. dividing each partner's capital account balance by the percentage of that partner's capital account balance to total partners' capital.

b. multiplying each partner's capital account balance by the percentage of that partner's capital account balance to total partners' capital.

c. dividing the total of each partner's capital account less receivables from the partner plus payables to the partner by the partner's profit and loss percentage.

d. some other method.

13. Under the Uniform Partnership Act

a. partnership creditors have first claim (Rank I) against the assets of an insolvent partnership.

b. personal creditors of an individual partner have first claim (Rank I) against the personal assets of all partners.

c. partners with credit capital balances share (Rank I) the personal assets of an insolvent partner that has a debit capital balance with personal creditors of that partner.

d. personal creditors of the partners of an insolvent partnership share partnership assets on a pro rata basis (Rank I) with partnership creditors.