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Adams, Peters, and Blake-share profits and losses for their APB Partnership in a ratio of 2:3:5. When they decide to liquidate, the alance sheet is

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Adams, Peters, and Blake-share profits and losses for their APB Partnership in a ratio of 2:3:5. When they decide to liquidate, the alance sheet is as follows: During the liqudation-process for the AfBiBartnership the foltowing events occurred: liabilities were paid. the rest of the credittors were paid. 3. Cash is distributed to partneis at the end of each month: Required: Prepare a statement of partnership realization and liquidation with a schedule of safe payments to parthers for the liquidation period. Please follow the practical guidelines when completing this worksheet. APB PARTNERSHIP

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