During a liquidation, capital deficiency means that at least one partner has a (debit/credit) balance in his or her capital account at the point of final cash distribution, which means that debit ( deficiency means partner has debit in capital).
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What is liquidation of capital ?</u></h3>
- In the fields of finance and economics, liquidation refers to the process of closing down a firm and distributing its assets among claimants.
- It is an occurrence that typically takes place when a business is bankrupt, or unable to make its debt payments on time.
- As business activities come to an end, the residual assets are distributed to shareholders and creditors according to the order of priority of their claims. General partners might be dissolved.
- The sale of subpar goods at a price below what it would cost the company to produce them or below what the company would want to charge is referred to as "liquidation."
To view more questions on Liquidation, refer to: brainly.com/question/23987428
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Answer:
The answer is $190,000.
Explanation:
We are given the information about the total price of the home and other payments made by Sandra towards the purchase of the home.
An earnest money check can be counted towards the down payment. She also pays an amount of $7,000 for the down payment which the total of the two adds up to $10,000.
Subtracting that from the price of the home, she should bring $190,000 to the closing.
I hope this answer helps.
The physical extent(PE)size <span>of a vg decides the block size for saving data since it cannot be safely changed later.
When we do a data saving, it transforms the data into several chunks to be stored on the program, which could be easily deleted and extracted out whenever we needed to.</span>
If an employer does not offer a retirement plan, You can invest in a Traditional IRA or Roth IRA
