Upon dissolution of a general partnership, distributions will be made on account of: I. Partners capital accounts.
Question:
Upon dissolution of a general partnership, distributions will be made on account of:
I. Partners’ capital accounts.
II. Amounts owed partners with respect to profits.
III. Amounts owed partners for loans to the partnership in the following order:
a. III, I, II
b. I, II, III
c. II, III, I
d. III, II, I AppendixLO1
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Related Book For 
Anderson's Business Law And The Legal Environment
ISBN: 9780324638189
20th Edition
Authors: David P Twomey, Marianne M Jennings, Ivan Fox
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