Which Is the Proper Order for Distribution of Assets Upon

question 125

Multiple Choice

Which is the proper order for distribution of assets upon dissolution of a limited partnership?

• A)outside creditors; distributions owed to partners; capital contributions; remainder split according to distribution agreement
• B)outside creditors; limited partners' profits; limited partners' capital; general partners' advances; general partners' profit; general partners' capital
• C)limited partners' capital; outside creditors; limited partners' advances; general partners' capital and profits
• D)none of the above

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