If a partner of a liquidating limited liability partnership is unable to pay a capital account deficit, the deficit is absorbed by the other partners in the income-sharing ratio of those partners.
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Q2: After the realization of all noncash assets
Q3: Gains and losses from the realization of
Q4: A loan receivable from a partner is
Q5: In the process of liquidation, partners may
Q6: If the partners' capital account balances have
Q7: The marshaling of assets provisions of the
Q8: All cash payments to partners during the
Q9: In the computation of the amount of
Q10: If a limited liability partnership is incorporated,
Q11: The investor enterprise must use the equity
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