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ABC are partners who share profits and losses 40%, 40%, and 20% respectively. The partnership will be liquidated gradually over several months beginning January 1,

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ABC are partners who share profits and losses 40%, 40%, and 20% respectively. The partnership will be liquidated gradually over several months beginning January 1, of the year The partnership trial balance at December 31 of the previous year is as follows: Required: Prepare a cash distribution plan for January 1 of the year, showing how cash installments will be distributed among the partners as it becomes available

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