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Find which cash available for distribution to partners

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Reference no: EM132745042

Problem 1: Which of the following will not lead to dissolution?

a. Insanity of a partner
b. Capital deficiency of a partner
c. Bankruptcy of a partner
d. Admission of a new partner

Problem 2: The cash available for distribution to partners in an installment liquidation could be equal to the

a. Cash available after realization of non-cash asset is made
b. Cash available after payment to creditors were made
c. Cash available after payment to creditors were made and after setting aside an amount for possible liquidation expenses.
d. All of the above

Reference no: EM132745042

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