Question:In the liquidation of a partnership  it is necessary to (1) distribute cash to  the partners , (2) sell the noncash assets,(3) allocate any gain or less on realization to the partners, and (4) pay liabilities. These steps should be performed  in the following order: 

A (2), (3), (4), (1). 
B (2), (3), (1), (4). 
C (3), (1), (4), 2). 
D (2), (3), (1), (4). 

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A 

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Mohammad Jahidul Islam

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