Which of the following is settled first when proceeds from the sale of partnership assets are being distributed during winding up Payment to partners to the extent of their capital contributions Payment to creditors of the partnership Payment to partners to the extent of their share of profits Payment to creditors after charging the partners' shares of losses

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Which of the following is settled first when proceeds from the sale of partnership assets are being distributed during winding up? Payment to partners to

Which of the following is settled first when proceeds from the sale of partnership assets are being distributed during winding up?

		Payment to partners to the extent of their capital contributions
		Payment to creditors of the partnership
		Payment to partners to the extent of their share of profits
		Payment to creditors after charging the partners' shares of losses

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