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What the maximum loss absorption can be derived by

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Reference no: EM132744885

Problem 1: In preparing the cash priority program, the maximum loss absorption can be derived by

a. Multiplying the total interest of the partner in the partnership by his profit and loss percentage

b. Multiplying the capital balance of the partner by his profit and loss percentage

c. Dividing the total interest of the partner in the partnership by his profit and loss percentage

d. Dividing the capital balance of the partner by his profit and loss percentage

Problem 2: What is a cash priority program?

a. A guideline for the cash distributions made to partners during a liquidation

b. A list of the rules to be performed during a partnership dissolution

c. A list of the transactions that will transpire in the reorganization of a partnership

d. None of the above

Reference no: EM132744885

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