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modify true or false please help me answer these questions thank you 5. Under installment liquidation, available cash may be distributed to partners after possible
modify true or false
please help me answer these questions thank you
5. Under installment liquidation, available cash may be distributed to partners after possible future losses have been apportioned to partners or in accordance with an advance distribution plan. 6. Payment to partners based on periodic computation of safe payments bring, at some point of the liquidation, the partners' capital to the profit and loss ratio. 7. In an installment liquidation, remaining unsold assets must be treated as a complete loss. 8. The mutual agreement among the partners to terminate the partnership operation as a going concern is one of the reasons why a partnership is liquidated. 9. Partner's interest represents the sum of a partner's capital, loan balance and advances to the partnership 10. Assets allocation is the process that can be applied in partnership liquidation in distributing available funds by effectively organizing or ranking payments of liabilities to external and internal creditors in a manner set forth by law Step by Step Solution
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