Question

If a partnership is liquidated, how is the final allocation of business assets made to the partners? Group of answer choices

A. Equally
B. According to profit and loss sharing ratios
C. According to final capital account balances
D. According to the initial investment made by each of the partners Negotiated by the partners

Answer 1

Answer: C

Step-by-step explanation:

Final capital account balance is talking about the final financial status of the partnership business at liquidation. The final allocation will be made based on the financial status of the business.