The crt partnership has decided to terminate operations and to liquidate the partnership assets. thereare no partner loans, and all partners have positive capital balances. gains and losses on liquidation andcash distributions to partners should be allocated as follows: gains and losses cash distributionsa) in profit and loss ratio based on capital balancesb) based on capital balances in profit and loss ratioc) in profit and loss ratio in profit and loss ratiod) based on capital balances based on capital balancesa. option ab. option bc. option cd. option d