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Under the UPA, Which of the Following Liabilities of a Partnership

Question 62

Multiple Choice

Under the UPA, which of the following liabilities of a partnership has the highest priority for payment out of partnership assets?


A) Amounts owing to partners for profits.
B) Amounts owing to partners for loans or advances.
C) Amounts owing to creditors other than partners.
D) Amounts owing to partners for capital.

Correct Answer:

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