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Kay, Kay, and Kim are partners. In a liquidation. Kay's share of partnership losses exceeds her capital account balance. Moreover, she is unable to meet
Kay, Kay, and Kim are partners. In a liquidation. Kay's share of partnership losses exceeds her capital account balance. Moreover, she is unable to meet the deficit from her personal assets, and her partners shared the excess losses. Does this relieve Kay of liability
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Auditing The Art And Science Of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
15th Canadian Edition
