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    Fundamental Accounting Principles Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    A Capital Deficiency Can Arise from Liquidation Losses, Excessive Withdrawals
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A Capital Deficiency Can Arise from Liquidation Losses, Excessive Withdrawals

Question 113

Question 113

True/False

A capital deficiency can arise from liquidation losses, excessive withdrawals before liquidation, or recurring losses in prior periods.

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