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A trial balance for the DEF partnership just prior to liquidation is given below: The partners share income and loss on the following basis: Prepare

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A trial balance for the DEF partnership just prior to liquidation is given below: The partners share income and loss on the following basis: Prepare an advance cash distribution plan for the partners. Assume the other assets are sold for $ 150,000. How much cash is distributed to each partner'? Assume the other assets are sold for $250,000. How much cash is distributed to each partner? Now assume the other assets are sold for $500,000. How much cash is distributed to each partner

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