Under the UPA,which of the Following Is in First Place

question 46

Multiple Choice

Under the UPA,which of the following is in first place for payment when liquidated assets of a partnership are distributed?

• A) Payment of refunds or loans to partners for loans made to the firm.
• B) Payment to partners of the capital they invested.
• C) Payment of profits distributed to partners on the basis of the partnership agreement.
• D) Payment to creditors of the partnership.
• E) Payment of bills of lading.

---

Definitions:

Documents

Written, printed, or electronic records that provide information or evidence of transactions, activities, or concepts.

Sustainable Business Practices

Practices adopted by companies aimed at creating positive impacts on the environment, society, and economy, ensuring long-term business success without harming ecological and socio-economic systems.

International Company

A business enterprise that operates in multiple countries beyond its original or home country.

Environmentally Responsible

The commitment to making decisions and taking actions that are in the best interests of protecting the natural world, with a particular emphasis on preserving the capability of the environment to support human life.