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    Financial and Managerial Accounting Study Set 3
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    Exam 27: Accounting for Unincorporated Businesses
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    Gains on the Sale of Assets in a Liquidation Are
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Gains on the Sale of Assets in a Liquidation Are

Question 80

Question 80

True/False

Gains on the sale of assets in a liquidation are divided among partners according to the stated ratios.

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