Boris and Doris are partners in a coffee shop. When coffee goes out of fashion and no one drinks it anymore, they decide to dissolve the business. After liquidating all of their assets

a.

They must pay their creditors before they split any remaining equity.

b.

They divide the money in equal shares between creditors and owners.

c.

They must pay creditors and shareholders, forfeiting any equity because the business failed.

d.

They are entitled to receive guaranteed distributions from the partnerships before creditors are paid.