Question: Your answer is incorrect. If a partnership is being liquidated and one partner with a capital deficiency is unable to pay the amount owed to

Your answer is incorrect. If a partnership is being liquidated and

Your answer is incorrect.
If a partnership is being liquidated and one partner with a capital deficiency is unable to pay the amount owed to the partnership, the
deficiency is allocated to the other partners
on the basis of their capital balances.
on the basis of their profit and loss ratios.
on the basis of their original investments.
equally.
one partner with a capital deficiency is unable to pay the amount

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