Which of the Following Statements About the Liquidation of a Partnership

Which of the following statements about the liquidation of a partnership is TRUE?

A) The final cash distribution is always based on equal shares.
B) The final cash distribution is always based on the profit sharing formula specified in the partnership agreement.
C) The final cash distribution is based on the partners' capital account balances.
D) Gains and losses from the disposal of assets are always distributed to the partner's capital accounts based on their respective percentage of total capital.