> education.wiley.com AP Chapter 12 NWP Adaptive Assessment Player App G which of the flowing could be a G Ata deney may eat t LVP Cards Hashees AP Chapter 12 55% 12.7 Liquidation of a Partnership Select the statement that is correct in describing the steps involved in a partnership liquidation. Gains and losses from the sale of noncash assets are distributed to the partners based on their capital balances Noncash assets must be sold after the creditors have been paid. The partners are the last ones to be paid. Distribution of remaining cash is based on the profit and loss ratios. Save for Later Submit Answer