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Which of the following is not correct with respect to an installment liquidation of a partnership? a. Partners with the greatest ability to absorb losses

Which of the following is not correct with respect to an installment liquidation of a partnership?

a. Partners with the greatest ability to absorb losses and expenses are the first to receive installment distributions.

b. Distributions to partners are always made according to their profit sharing percentages.

c. All remaining liquidation expenses are anticipated.

d. All non-cash assets are assumed to be worthless.

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