Question: 15. Where there is no minimum gain or Sec. 704(c) minimum gain, the general rule is that nonrecourse liabilities should be allocated among partners in

15. Where there is no minimum gain or Sec. 704(c) minimum gain, the general rule is that nonrecourse liabilities should be allocated among partners in a partnership A. based on their profit-sharing ratios. B. based on each partner's risk of economic loss. C. based on their loss sharing ratios. D. any way the partners choose to allocate them

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