Complete the statements below for the definitions presented.

a$.$ A proportionate current distribution is defined as:

One in which the partnership makes a

finalroutine

distribution to one or more partners who will remain partners in a

continuingliquidatingnew

partnership. The distribution can be to

all of theall or a subset of the

partners of the partner group.

b$.$ A proportionate liquidating distribution is defined as:

A distribution in which either $1)$ the partnership itself

distributes someliquidates and distributes allliquidates but does not distribute all

of its assets to the partners, or $2)$ a partnership

continues but distributesliquidates by distributing

assets to one or more partners in liquidation of those partnership interests.

c$.$ The word "proportionate", in this context, is defined as:

A distribution that

doesdoes not

change each partner's respective ownership of the partnership's

hot assetshot liabilitiestotal assets

$.$