Assertion: partnership's liability | /r/HasProperty | paid
Facets:
Source sentences:
text: Liquidation of a partnership generally means that the assets are sold, liabilities are paid, and the remaining cash or other assets are distributed to the partners.
text: For example, if all partnership assets were sold for a fair market value and all liabilities were paid, the remaining cash, if any, would be equal to the partner's equity in the partnership at fair market value.