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help please 1. When the partnership goes out of business and the normal operations are discontinued, the accounts should be adjusted and dosed ercept a.

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1. When the partnership goes out of business and the normal operations are discontinued, the accounts should be adjusted and dosed ercept a. the asset accounts. b. the liability accounts. c. the owners' equity accounts, d. All of these choices are correct. 2. The first step of the liquidation process is to a. distribute any gains of losses from realization to the partnors based on their income sharing ratio. b. sell the partnership assets. C. pay the dalms of creditors. d. distribute the remaining cash to the partners based on the balances in their capital accounts. 3. The third step of the liquidation process is to a. distribute any gains or losses from realization to the partners based on their income-sharing ratio. b. sell the partnership assets. c. pay the claims of crefditors. d. distribute the femaining cash to the partners based on the balances in their capital accounts. a. \\( \\$ 50,000 \\) each b. \\( \\$ 60,000 ; \\$ 45,000 ; \\$ 45,000 \\) c. \\( \\$ 112,500 ; 537,500 ; 10 \\) d. None of these choices are correct

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