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    Federal Taxation
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    Exam 21: Partnerships
  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 30

Question 30

True/False

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

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