Below Are Steps in Which Partnership Distribution Takes Place

question 54

Multiple Choice

Below are steps in which partnership distribution takes place:
1) Profits and losses are allocated to partner accounts.
2) Distributions are made to partners.
3) Assets must be used to discharge creditor obligations.
4) Partners with deficit balances should make up the balance or other partners make it up.
In what order should these occur?

• A)3,1,2,4
• B)1,3,4,2
• C)1,3,2,4
• D)3,1,4,2

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Electrically excitable cells in the nervous system that process and transmit information through electrical and chemical signals.

Left Hemisphere

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Right Hemisphere

The half of the brain that is typically associated with creative thinking, intuition, and spatial abilities.

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