Question: If a partner is insolvent during liquidation and cannot contribute to cover their capital deficit, the loss is: a . Absorbed by the other partners
If a partner is insolvent during liquidation and cannot contribute to cover their capital deficit, the loss is:
a
Absorbed by the other partners according to their capital ratios
b
Written off entirely
c
Absorbed by the remaining solvent partners according to the profitsharing ratio
d
Settled by selling the partners personal assets
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