Question 10 (2 points)

Below are steps in which partnership distribution takes place:

1. Profits and losses are allocated to partner accounts.

2. Distributions are made to partners.

3. Assets must be used to discharge creditor obligations.

4. Partners with deficit balances should make up the balance or other partners make it up.

In what order should these occur?

Question 10 options:

	3,1,2,4
	3,1,4,2
	1,3,2,4
	1,3,4,2