After selling all the assets and paying the liabilities in a liquidation of a partnership,the partners share any remaining cash according to the stated ratios.
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Q44: When a partner leaves a partnership,it is
Q45: A new partner must have the consent
Q46: The admission of a partner does not
Q47: When a withdrawing partner withdraws assets less
Q48: A partner's inability to meet his or
Q50: When a new partner invests less than
Q51: When a new partner is admitted,the old
Q52: Gains and losses on the sale of
Q53: A partnership is liquidated when a new
Q54: If the asset accounts did not reflect
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