=+5. Pavin and Abdel share gains and losses in the ratio of 2:1. After selling all assets

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=+5. Pavin and Abdel share gains and losses in the ratio of 2:1. After selling all assets for cash, dividing the losses on realization, and paying liabilities, the balances in the capital accounts were as follows: Pavin, $10,000 Cr.; Abdel, $2,000 Cr.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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