If the partners' capital account balances have been reduced to the income-sharing ratio, subsequent cash payments to partners during liquidation of a limited liability partnership may be made in the ratio of their capital account balances.
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Q1: If a partner of a liquidating limited
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
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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