The BIG Partnership has decided to liquidate at December 31,20X8.The capital and loan balances of the partners at December 31,20X8,are provided below:
If you were to calculate the Loss Absorption Power for each partner,how would the partners rank (from highest to lowest LAP) ?
A) B,I,G
B) I,B,G
C) B,G,I
D) G,I,B
Correct Answer:
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