In Partnership Liquidation,how Are Partner Salary Allocations Treated

question 35

Multiple Choice

In partnership liquidation,how are partner salary allocations treated?

• A)Salary allocations take precedence over creditor payments.
• B)Salary allocations take precedence over amounts due to partners with respect to their capital interests,but not profits.
• C)Salary allocations take precedence over amounts due to partners with respect to their capital profits,but not capital interests.
• D)Salary allocations are disregarded.

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