Realisation made in parts is called
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it's a part of reality
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it's a part of reality
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Piecemeal Distribution.
- Piecemeal cash distribution refers to the systematic distribution of cash upon the dissolution of a partnership.
- A partnership breakup was expected to be a one-day event, however, this is not the case.
- A company's dissolution is a lengthy procedure. The assets are gradually or in stages realized.
- When funds are acquired through the sale of assets, they are used to pay off liabilities.
- Liabilities are also paid in stages. In summary, payments are distributed in stages rather than all at once. Piecemeal distribution is the term for this.
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