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A simple partnership liquidation requires a.only creditors to be paid in an orderly manner. b.periodic payments to creditors and partners determined by a safe payments
A simple partnership liquidation requires
a.only creditors to be paid in an orderly manner.
b.periodic payments to creditors and partners determined by a safe payments schedule.
c.partnership assets to be converted into cash with full payment made to all outside creditors before remaining cash is distributed to partners.
d.periodic payments to partners as cash becomes available.
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