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Before distributing any remacadh to partners in a partnership liquidation, it is necessary to do each of the following except a. Sell noncash assets for
Before distributing any remacadh to partners in a partnership liquidation, it is necessary to do each of the following except a. Sell noncash assets for cash b. Recognize a gain or loss on realization c. Allocate the gain or loss to the partners based on their capital balances d. Pay partnership liabilities in cash
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