After the partnership's creditors are satisfied, each partner is entitled to reimbursement of his or her capital contribution when the business is terminated.

Name: After the partnership's creditors are satisfied, each partner is entitled to reimbursement of his or her capital contribution when the business is terminated.
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Question

Quizplus · Accepted Answer

This statement is true. After the partnership's creditors are paid off, each partner has a right to receive back their capital contribution when the business is terminated.

After the Partnership's Creditors Are Satisfied, Each Partner Is Entitled