Which of the Following Is True of Capital Deficiency in the Liquidation

question 108

Multiple Choice

Which of the following is true of capital deficiency in the liquidation of a partnership?

• A)It refers to a partnership's claim against a partner.
• B)It occurs when a partner's capital account has a credit balance.
• C)It refers to the partnership's inability to find capital.
• D)It occurs when a partner cannot find positive NPV projects.

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