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If at the time of partnership liquidation, a partner has a $5,000 capital deficiency and...

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Accounting

If at the time of partnership liquidation, a partner has a $5,000 capital deficiency and pays the partnership $5,000 out of personal assets to cover the deficiency,

then that partner is not entitled to share in the final distribution of cash since his capital balance is zero.

Select one: True False

--------------- I do not want a detailed answer. I just want the final answer as soon as possible. Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir

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