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When cash payments to partners of a partnership in liquidation are delayed until all noncash assets have been realized, any cash remaining after all partnership
When cash payments to partners of a partnership in liquidation are delayed until all noncash assets have been realized, any cash remaining after all partnership creditors have been paid in distributed:
According to the liquidators best judgment. | ||
In the ratio for sharing net income and losses. | ||
In accordance with provisions of the Uniform Partnership Act, that is, in amounts equal to the partners account balances. | ||
In some other amount. |
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