Question: An allocation is considered to have a substantial economic effect when: Multiple select question. partners are liable to the partnership to restore any deficit in

An allocation is considered to have a substantial economic effect when:
Multiple select question.
partners are liable to the partnership to restore any deficit in their capital accounts
liquidation proceeds are distributed in accordance with the capital accounts
an allocation to a partner is reflected in his or her capital account
an allocation exceeds a partner's capital contribution

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