#21

TRUE OR FALSE

Statement I	Liquidation expenses incurred are deducted in the capital balances during liquidation
Statement II	Cash withheld for the future liquidation is treated as possible loss in preparing schedule of safe payments
Statement III	Loss absorption capacity or loss absorption potential is the minimum amount of loss that a partner may sustain before incurring negative capital balance

Group of answer choices

1. A. True, False, False
2. B. True, True, False
3. C. False, True, True
4. D. False, False, False
5. E. True, False, True

please answer with explanation thnku