Dean Colson and Bill Linton are discussing the liquidation of a partnership. Dean maintains that all cash

Question:

Dean Colson and Bill Linton are discussing the of a partnership. Dean maintains that all cash should be distributed to partners on the basis of their income ratios. Is he correct? Explain.
Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....