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An entry is not required in the liquidation of a partnership to record the a. distribution of cash to the partners. b. payment of cash
An entry is not required in the liquidation of a partnership to record the
a.
distribution of cash to the partners.
b.
payment of cash to creditors (settle liabilities).
c.
allocation of a capital deficiency to partners with credit balances when the deficient partner is expected to pay the deficiency.
d.
sale of noncash assets.
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Handbook On Anti Money Laundering And Combating The Financing Of Terrorism For Nonbank Financial Institutions
Authors: Asian Development Bank
1st Edition
9292577611, 978-9292577612
