3. To liquidate a partnership:sell everything and distribute among partners equallydistribute any profit among members...

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Accounting

3. To liquidate a partnership:sell everything and distribute among partners equallydistribute any profit among members equallydistribute any profit among members according to their contributionnot sell anything, give the problematic member his share and send him outfine the member that caused the problems and distribute the fine among the other members Short AnswersAnswer the following short answers:1. State and briefly explain the difference between the 3 types of liabilities2. State the rules of Human resources[15 marks][5 marks][5 marks]3. David, Mike and James reached the state of dissolving the partnership because David is moving to a different country. David before he leaves, $75000 salary claimed against the partnership due to the time he put on the 3 year partnership where each year get him $25000. Is his claim

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