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Why Does a Debit Balance in a Partners' Capital Account

question 39

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Why does a debit balance in a partners' capital account create in the UPA order of payment for a partnership liquidation?


Definitions:

Gastrocnemius Muscle

A major calf muscle that participates in walking, running, and jumping by flexing the foot at the ankle.

Tibial

Relating to the tibia, the larger and stronger of the two bones in the lower leg.

Common Fibular (Peroneal)

Referring to the nerve that wraps around the fibula bone and controls muscles on the anterior and lateral parts of the lower leg.

Axillary

Pertaining to the armpit area of the body.

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