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17 Required information [The following information applies to the questions displayed beiow]] Turner, Roth, and Lowe are partners who share income and loss in a
17 Required information [The following information applies to the questions displayed beiow]] Turner, Roth, and Lowe are partners who share income and loss in a 1:4:5 ratio (in percents: Turner, 10%; Roth, 40%; and Lowe, 50%). The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $171,600; total liabilities, $116,000; Tumer, Capital, $6,300; Roth, Capital, $15,900; and Lowe. Capital, $33,400. The liquidation resulted in a loss of $102,600. Assume that the Tumer, Roth, and Lowe partnership is a limited partnership. Tumer and Roth are general partners. Lowe is a limited partner, meaning any remaining deficiency in Lowe's capital account is covered by Turner and Roth. Determine how mu
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