Under general circumstances, debt is allocated from the
Under general circumstances, debt is allocated from the partnership to each partner in the following manner:,
A. Recourse ? to partners with the ultimate responsibility for paying the debt; nonrecourse ? profit-sharing ratios,
B. Recourse ? capital ratios; nonrecourse ? capital ratios,
C. Recourse ? profit-sharing ratios; nonrecourse ? profit-sharing ratios,
D. Recourse ? profit-sharing ratios; nonrecourse ? to partners with the ultimate responsibility for paying the debt,
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