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Under general circumstances, debt is allocated from the partnership to each partner in the following manner: Recourse - profit sharing ratios; nonrecourse - to partners

Under general circumstances, debt is allocated from the partnership to each partner in the following manner:

Recourse - profit sharing ratios; nonrecourse - to partners with the ultimate responsibility for paying the debt
Recourse - capital ratios; nonrecourse - capital ratios
Recourse - profit sharing ratios; nonrecourse - profit sharing ratios
Recourse - to partners with the ultimate responsibility for paying the debt; nonrecourse - profit sharing ratios

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