In a liquidation, a. gains or losses are distributed according to the partnership agreement. b. assets may be sold at amounts that differ from their original cost. c. the business will not continue. d. All of these choices may occur.
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Home » Business » In a liquidation, a. gains or losses are distributed according to the partnership agreement. b. assets may be sold at amounts that differ from their original cost. c. the business will not continue. d. All of these choices may occur.