Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in preparing a statement of liquidation for the li

In preparing a Statement of Liquidation for the liquidation of a partnership, a loan pay...

80.2K

Verified Solution

Question

Accounting

In preparing a Statement of Liquidation for the liquidation of a partnership, a loan pay able to a partner by the partnership is... A. paid immediately after all outside creditors have been paid in full without regard to the partner's capital account balance B. a ledger account of the partner which is combined with the partner's capital account C. used to absorb the partner's share of losses on realization of assets D. not considered to be a liability of the partnership

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

PARAMETERS FOR BASELINECASEThe following numbers areestimates for the upcoming year for a manufacturing...PARAMETERS FOR...

Accounting
Q

Part of Desargue’s Theorem: If two triangles are perspective from a point, then they are perspective...

Basic Math
Q

The elements radium and astatine both arise during the radioactive decay of uranium. They get together...

Chemistry
Q

In TDM, what do you think are some of the effects of increasing the number channels...

Electrical Engineering
Q

Determine whether the following statement is true or false. Select the best answer. Problem-solving is...

Psychology
Q

39 A rod of mass mand length 1 is hinged at one of its end...

Physics
Q

lim 4x40 x Ax 15 x Ax 10 x 15x 10 Ax

Calculus
Q

Sales Adjusted cost of goods sold Selling and administrative expense $...

Accounting
Q

Prepare the issuers journal entry for each of the following separate transactions. A....

Accounting
Q

Providing Tokopedia Care Services in Improving Tokopedia's Customer Experience Customers are a key to the...

Accounting
Q

PB 1. LO 2.1 The following information is taken from the records of Rosebloom Flowers...

Accounting
Q

You are running a firm with the cost of capital of 8% and you have...

Finance