If a partner has a capital deficiency and does not have the personal resources to eliminate it
A) the creditors will have to absorb the capital deficiency.
B) the other partners will absorb the capital deficiency on the basis of their respective capital balances.
C) the other partners will have to absorb the capital deficiency on the basis of their respective income sharing ratios.
D) neither the creditors nor the other partners will have to absorb the capital deficiency.
Correct Answer:
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