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The first step in the liquidation of a partnership :is to .a Distribute remaining cash to partners .b Allocate gain/loss on realization to the partners

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The first step in the liquidation of a partnership :is to .a Distribute remaining cash to partners .b Allocate gain/loss on realization to the partners .C Pay partnership liabilities .d O Sell noncash assets and recognize a gain or loss on realization

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