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De est allowances 17. Which of the following does not occur upon liquidation of partnership: A. Non-cash assets are sold for cash and a gain

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De est allowances 17. Which of the following does not occur upon liquidation of partnership: A. Non-cash assets are sold for cash and a gain or loss on liquidation is recorded B. Gain or loss on liquidation is allocated among partners using their profit and loss rat C. Taxes are paid by partnership D. Remaining cash is distributed to partners based on the total balance in their capital E. All of the above

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