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Which deficiency in the capital of an insolvent partner is

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Reference no: EM132829229

Problem 1: In the liquidation of a partnership, the gains and losses from assets sold are

A. divided equally among the partners.

B. divided among the partners in the stated profit and loss ratio.

C. divided among the partners in proportion to their capital equity interests

D. ignored.

Problem 2: A deficiency in the capital of an insolvent partner is

A. loss to the other partners.

B. a gain to the other partners.

C. the result of a loss in operations.

D. the result of a sale of non-cash assets at a gain.

Reference no: EM132829229

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