When a partnership is insolvent and a partner has a deficit capital account balance, that partner should <u>contribute cash to the partnership.</u>
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For cash distributions to partners during the liquidation process, auditors must ensure that each partner has one capital balance. This is the minimum amount a partner must keep in its capital account to absorb future losses.
Payments to shareholders with an equity interest, up to the same amount after payments to shareholders with loans to other creditors and partnerships.
If the partner's equity account leads to a debit balance (a so-called capital shortfall), the shortfall can be eliminated in the following ways: If the loss-making partner is solvent, we will make additional investments. – If a defective shareholder becomes insolvent, set off the defect as additional damages to the remaining shareholders.
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2. While President McKinley ushered in the era of the American empire through military strength and economic coercion, his successor, Theodore Roosevelt, established a new foreign policy approach, allegedly based on a favorite African proverb, “speak softly, and carry a big stick, and you will go far” ().At the crux of his foreign policy was a thinly veiled threat.
3. Why Mexico Won the Alamo but Lost the Mexican-American War In March 1836, Mexican forces overran the Alamo in San Antonio, Texas, achieving victory over those who had declared Texas.
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