The Abrams,Bartle,and Creighton Partnership Began the Process of Liquidation with the Following

question 36

Multiple Choice

The Abrams,Bartle,and Creighton partnership began the process of liquidation with the following balance sheet:
Abrams,Bartle,and Creighton share profits and losses in a ratio of 3:2:5.Liquidation expenses are expected to be $12,000.
The noncash assets were sold for $134,000.Which partner(s) would have had to contribute assets to the partnership to cover a deficit in his or her capital account?

• A)Abrams.
• B)Bartle.
• C)Creighton.
• D)Abrams and Creighton.
• E)Abrams and Bartle.

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Definitions:

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Experts who analyze evidence from crime scenes and behavioral patterns to create profiles of criminals.

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MMPI-2

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