Under General Circumstances, Debt Is Allocated from the Partnership to Each

Multiple Choice

Under general circumstances, debt is allocated from the partnership to each partner in the following manner:

A) recourse-profit-sharing ratios; nonrecourse-profit-sharing ratios.
B) recourse-capital ratios; nonrecourse-capital ratios.
C) recourse-to partners with the ultimate responsibility for paying the debt; nonrecourse-profit-sharing ratios.
D) recourse-profit-sharing ratios; nonrecourse-to partners with the ultimate responsibility for paying the debt.