Which of the following is true with respect to the distribution of assets following dissolution of a limited partnership?
A) Partners are paid before ex-partners for unpaid distributions.
B) Limited partners who are creditors are paid at the same priority as third-party creditors of the partnership.
C) The amount limited partners are paid on dissolution has no relation to the proportion in which they share in distribution of profits.
D) Capital contributions are paid before unpaid distributions.
Correct Answer:
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