Which Is the Proper Order for Distribution of Assets Upon

Multiple Choice

Which is the proper order for distribution of assets upon dissolution of a limited partnership?

A) outside creditors; distributions owed to partners; capital contributions; remainder split according to distribution agreement
B) outside creditors; limited partners' profits; limited partners' capital; general partners' advances; general partners' profit; general partners' capital
C) limited partners' capital; outside creditors; limited partners' advances; general partners' capital and profits
D) none of the above