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Question 47 When a partnership is liquidated Not yet answered Marked out of 100 P Flag question Select one: A. The liabilities are paid. B.

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Question 47 When a partnership is liquidated Not yet answered Marked out of 100 P Flag question Select one: A. The liabilities are paid. B. The noncash assets are converted to cash. C. The remaining cash is distributed to the partners. D. Any gain or loss on liquidation is allocated to the partners' capital accounts. O E. All of these answers are correct

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