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A partnership is being liquidated. Which of the following transactions during the partnership liquidation will not affect each partner's capital balance? a. Incurrence of liquidation

A partnership is being liquidated. Which of the following transactions during the partnership liquidation will not affect each partner's capital balance?

a. Incurrence of liquidation expenses. b. Distribution of cash to the partners. c. Payment of liabilities owed to creditors. d. Sale of noncash assets for lower of their total carrying value. e. (None of the above)

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