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IIA CIA Exam Part Three: Business Knowledge for Internal Auditing IIA-CIA-Part3-3P Question # 90 Topic 10 Discussion

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IIA CIA Exam Part Three: Business Knowledge for Internal Auditing IIA-CIA-Part3-3P Question # 90 Topic 10 Discussion

IIA-CIA-Part3-3P Exam Topic 10 Question 90 Discussion:
Question #: 90
Topic #: 10

Which of the following statements is true regarding partnership liquidation?
A.

Operations can continue after the liquidation if all partners agree

B.

Partnership liquidation ends both the legal and economic life of an entity

C.

Partnership liquidation occurs when there is capital deficiency Stable

D.

When a partnership is liquidated, each partner pays creditors from cash received

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Actual exam question for IIA IIA-CIA-Part3-3P exam by Milo62711 at Aug 2, 2025, 12:00:00 AM

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