After all liabilities have been paid, the remaining assets are distributed based on equal share to partners.

Question

Quizplus · Accepted Answer

The distribution of remaining assets to partners after all liabilities have been paid is based on the partnership agreement, which may not necessarily dictate equal shares for each partner. It often depends on the proportion of ownership or the initial agreement made when the partnership was formed.

After All Liabilities Have Been Paid, the Remaining Assets Are