If,upon dissolution of a partnership,liabilities of the partnership are greater than the liquidated assets of the partnership,which of the following occurs?

Question

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A)If the liabilities of the partnership are greater than its liquidated assets,the
partners are liable for the losses.Each partner must contribute his or her share of the losses to pay the creditors.
B)If the liabilities of the partnership are greater than its liquidated assets,the partners are liable for the losses.Each partner must contribute his or her share of the losses to pay the creditors.
C)If the liabilities of the partnership are greater than its liquidated assets,the partners are liable for the losses.Each partner must contribute his or her share of the losses to pay the creditors.
D)If the liabilities of the partnership are greater than its liquidated assets,the partners are liable for the losses.Each partner must contribute his or her share of the losses to pay the creditors.
E)If the liabilities of the partnership are greater than its liquidated assets,the partners are liable for the losses.Each partner must contribute his or her share of the losses to pay the creditors.

If,upon Dissolution of a Partnership,liabilities of the Partnership Are Greater