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  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 17: Partnership
  5. Question
    Which of the Following Is an Incorrect Step in the Process
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Which of the Following Is an Incorrect Step in the Process

Question 3

Question 3

Multiple Choice

Which of the following is an incorrect step in the process of partnership liquidation?


A) Pay any liabilities
B) Close all accounts payable
C) Allocate gains and losses to partners
D) Sell the assets

Correct Answer:

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