If all partners are included in the first installment of an installment liquidation, then in future installments
A) cash will be distributed according to the residual profit and loss sharing ratios.
B) cash should not be distributed until all non-cash assets are converted into cash.
C) vulnerability rankings for each partner should be prepared.
D) a cash distribution plan must be prepared so that partners will know when they will be included in cash distributions.
A
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Under a common disaster clause in a life insurance policy, it is assumed that
A) the insured and primary beneficiary died simultaneously B) the primary beneficiary died last, unless the insured lives beyond a stipulated period C) the contingent beneficiary is entitled to the policy proceeds D) the insured died last, unless the primary beneficiary lives beyond a stipulated period"
Bonds with longer maturities are more sensitive to interest rate movements than bonds that have shorter maturities
Indicate whether the statement is true or false.