Matching
A. Safe capital account balances
B. The statement of liquidation
C. Predistribution plan
D. Deficit capital account balances
A. One or more partners may have a negative capital account balance often as a result of losses incurred in disposing of assets.
B. A report produced periodically by the accountant to disclose transactions that have occurred during liquidation, the remaining assets and liabilities, and updated capital account balances.
C. A provision for an equitable distribution of assets during liquidation.
D. At the start of a liquidation, this document provides guidance for all payments to be made to the partners throughout the liquidation.
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