Which statement is correct in describing the rank order of payments as specified by the Uniform Partnership Act ?
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1) Which statement is correct in describing the rank order of payments as specifiedby the Uniform Partnership Act?A) Payments to partners are ranked equally, regardless of underlying basis.

B) Payments to partners with excess capital balances may be placed ahead ofpayments to creditors.C) Payments to creditors other than partners are ranked ahead of payments topartners.D) After payments are made to other creditors and partners with loans to thepartnership, payment up to the same amount can be made to partners with capitalinterests.
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