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Question 2 Assume that three partners in a partnership share income and losses 20% to partner 1. 30% to partner 2 and 50% to partner

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Question 2 Assume that three partners in a partnership share income and losses 20% to partner 1. 30% to partner 2 and 50% to partner 3. If partner withdraws from the partnership and receives a bonus as a result of the withdrawal, choose the item that most accurately and completely describes how the remaining partners will allocate the bonus. O 30% to partner 2 and 50% to partner 3 50% to partner 2 and 50% to partner 3 37.5% to partner 2 and 62.5% to partner 3 40% to partner 2 and 60% to partner 3 Cannot be determined from the information provided Search DELL DELL Signify TRUE FALSE as applicable for each of the following items as they pertain to capital defic Partners with capital deficiencies are required by law to cover the deficiencies [Choose ] Choose] Capital deficiencies do not affect the amount of cash distributed to each non-deficient partner upon liquidation [Choose Capital deficiencies do not affect the amount of gain or loss from the sale of non cash assets distributed to each non-deficient partner upon liquidation Deficient partners may receive cash upon liquidation a ffichane cash balance exists Choose Deficient balances represent debit balances I Choose here to search DELL Signify "True" or "False" as applicable for each of the following items as they pertain to the withdrawal of a partner. If a withdrawing partner sells all of IC [Choose) his interests to a new partner, this could result in a bonus situation. Choose] Ita withdrawing partner sells all of his interests to the remaining partners, this could result in a bonus situation. [Choose] If the partnership distributes assets to a withdrawing partner, any potential bonus would be calculated using the market value of the assets distributed. [Choose! If the partnership distributes assets to a withdrawing partner, any potential bonus would be calculated using the book value of the assets distributed. e to search DELL 999999UUUUU cv

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