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    Exam 11: Partnerships Distributions Transfer of Interests and Terminations
  5. Question
    In a Proportionate Nonliquidating Distribution, Cash Is Deemed to Be
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In a Proportionate Nonliquidating Distribution, Cash Is Deemed to Be

Question 36

Question 36

True/False

In a proportionate nonliquidating distribution, cash is deemed to be distributed first, followed by capital and § 1231 assets, and last, unrealized receivables and inventory.

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