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    Fundamental Accounting Principles Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    A Capital Deficiency Exists When at Least One Partner Has
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A Capital Deficiency Exists When at Least One Partner Has

Question 58

Question 58

True/False

A capital deficiency exists when at least one partner has a debit balance in his or her capital account at the point of final cash distribution during liquidation.

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