Which of the Following Is True with Respect to the Distribution

question 46

Multiple Choice

Which of the following is true with respect to the distribution of assets following dissolution of a limited partnership?

• A) Partners are paid before ex-partners for unpaid distributions.
• B) Limited partners who are creditors are paid at the same priority as third-party creditors of the partnership.
• C) The amount limited partners are paid for their partnership interests has no relation to the proportion in which they share in distributions.
• D) Capital contributions are paid before unpaid distributions.

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