Current year non-operating gains or losses. Question 17 2.5 pts Which of the following statements is true about a partner who has a deficit capital balances during a liquidation? o If the partner who has a deficit capital balance is insolvent, his/her deficit can be absorbed by the remaining general partners but not limited partners. Both of these statements are true. A general partner has to use personal assets to settle the deficit capital balance before paying personal creditors, while a limited partner has to allocate personal assets proportionately between the deficit capital balance and personal creditors. None of these statements is true. Use the following information for the next FOUR items