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    Principles of Accounting Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    If Liquidation of a Partnership Results in a Negative Balance
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If Liquidation of a Partnership Results in a Negative Balance

Question 35

Question 35

True/False

If liquidation of a partnership results in a negative balance in a partner's account,the partner must pay into the partnership the amount of the negative balance.

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