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Safe payments are based on the assumptions that all partners are personally solvent and all noncash assets represent possible losses. True False Question 11 (0.5

Safe payments are based on the assumptions that all partners are personally solvent and all noncash assets represent possible losses. True False Question 11 (0.5 points) The accounting equation for an agency fund is Assets = Liabilities. True False Question 12 (0.5 points) In the case of Chapter 7 Liquidation, the stockholders are the first to have their claims satisfied. True False

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