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0 Required information The following information applies to the questions displayed below.) Turner , Roth, and Lowe are partners who share income and loss in

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0 Required information The following information applies to the questions displayed below.) Turner , Roth, and Lowe are partners who share income and loss in a 2.3:5 ratio (in percents: Turner, 20%; Roth, 30%; and Lowe, 50%). The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $150,000, total liabilities, $98,000; Turner, Capital, $4,500; Roth, Capital, $15,000, and Lowe, Capital, $32,500. The liquidation resulted in a loss of $90,000 Required: 2. Allocate the loss to the partners. b. Determine how much each partner should contribute to the partnership to cover any remaining capital deficiency Complete this question by entering your answers in the tabs below. Required A Required B Allocate the loss to the partners. (oes and delicits should be indicated who minus ign) Turner $ 4,500 Total Roth 5 15.000 Lowe $ 32.500 $ 62,000 Initial capital balances Abocation of gains (los) Capital balances ahor gains Losses) Required) Required information [The following information applies to the questions displayed below.) Turner, Roth, and Lowe are partners who share income and loss in a 23:5 ratio (in percents: Turner, 20%; Roth, 30%; and Lowe, 50%). The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $150,000, total liabilities, $98,000, Turner, Capital, $4,500, Roth, Capital, $15,000, and Lowe, Capital, $32,500. The liquidation resulted in a loss of $90,000 Required: a. Allocate the loss to the partners. b. Determine how much each partner should contribute to the partnership to cover any remaining capital deficiency. Complete this question by entering your answers in the tabs below. Required A Required B Determine how much each partner should contribute to the partnership to cover any remaining capital deficiency Turner Roth Lowe Total Capital balance deficiency

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