Question: In a partnership liquidation, when a partner has a capital deficiency, the right of offset: A. Reclassifies a partnership loan payable to the partner as

In a partnership liquidation, when a partner has a capital deficiency, the right of offset:

A.

Reclassifies a partnership loan payable to the partner as a reduction in the deficiency.
B.

Reclassifies a partnership loan receivable from the partner as a reduction in the deficiency.
C.

Allows the partner to invest personal assets to bring the capital balance to zero.
D.

Requires all the other partners to have positive capital balances, to absorb the partner's capital deficiency.

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