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If a partner is personally insolvent, and the partnership must be terminated Multiple Choice all remaining solvent partners must pay the deficit amount to the
If a partner is personally insolvent, and the partnership must be terminated Multiple Choice all remaining solvent partners must pay the deficit amount to the insolvent partner. all remaining solvent partners must absorb the deficit amount of the insolvent partner equally. all remaining solvent partners must absorb the deficit amount of the insolvent partner in accordance with their revised profit to loss sharing ratio, excluding the insolvent partner. all remaining solvent partners must wait until the deficit amount is repaid the insolvent partner before any cash distributions can be made. O
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