FUND.ACCT.PRIN.-CONNECT ACCESS
FUND.ACCT.PRIN.-CONNECT ACCESS
25th Edition
ISBN: 9781264217021
Author: Wild
Publisher: MCG
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Chapter 12, Problem 10DQ

Chapter 12, Problem 10DQ, Kay, Kat, and Kim are partners. In a liquidation, Kay’s share of <x-custom-btb-me data-me-id='2425' class='microExplainerHighlight'>partnership</x-custom-btb-me> losses exceeds her Kay, Kat, and Kim are partners. In a liquidation, Kay’s share of partnership losses exceeds her capita) account balance. Moreover she is unable to meet the deficit from tier personal assets, and her partners share the excess losses. Does this relieve Kay of liability?

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