In a partnership liquidation the final cash distribution to, Ask an Expert

Accounting

In a partnership liquidation, the final cash distribution to the partners should be made in accordance with the:

A) partners' profit and loss sharing ratio.

B) balances of the partners' capital accounts.

C) ratio of the capital contributions by the partners.

D) ratio of capital contributions less withdrawals by the partners.

Please fully explain your answer.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91962417

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