In a liquidation the final distribution of cash to partners should be on the basis of their income ratios.

Name: In a liquidation the final distribution of cash to partners should be on the basis of their income ratios.
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In a liquidation, the final distribution of cash to partners should be based on their capital account balances after all losses have been allocated and liabilities have been paid, not on their income ratios.

In a Liquidation the Final Distribution of Cash to Partners