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In a partnership liquidation, the assets of the partnerships shall be applied lastly to a. those owing to outside creditors. b. those owing to the

In a partnership liquidation, the assets of the partnerships shall be applied lastly to

a. those owing to outside creditors.

b. those owing to the partners with respect to their share of profits.

c. those owing to the partners with respect to their capital contributions.

d. those owing to inside creditors in the form of loans or advances for business expenses by the partners.

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