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When partnership assets are sold on a piecemeal basis over time and cash is distributed to partners after each sale of assets, Multiple choice question.

When partnership assets are sold on a piecemeal basis over time and cash is distributed to partners after each sale of assets, Multiple choice question. the proposed schedule of liquidation prepared at the start of the liquidation should be used to guide the distribution of cash to partners. a new proposed schedule of liquidation should be prepared before each distribution of cash to partners. there is no need to prepare a proposed schedule of liquidation

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