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Which of the following is true of capital deficiency in the liquidation of a partnership? A.It refers to a partnership's claim against a partner. B.It

  • Which of the following is true of capital deficiency in the liquidation of a partnership?
  • A.It refers to a partnership's claim against a partner.
  • B.It occurs when a partner's capital account has a credit balance.
  • C.It refers to the partnership's inability to find capital.
  • D.It occurs when a partner cannot find positive NPV projects.

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