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Additional Information 1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1, 20X6, follow: 2. Carlos, Dan, and Gail
Additional Information 1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1, 20X6, follow: 2. Carlos, Dan, and Gail share profits and losses in the ratio 15:45:40. 3. CDG sold all noncash assets on December 10,206, for $274,500. Required: a. Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 206. b. Prepare a schedule of the net worth of each of the three partners as of December 10,206, after the partnership liquidation is completed assuming that no other events occurred in the 10-day period that changed any of the partners' personal assets and personal liabilities. Prepare a statement of realization and liquidation for the CDG Partnership on December 10,206. Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Complete this question by entering your answers in the tabs below. Prepare a schedule of the net worth of each of the three partners as of December 10,206, after the partnership liquidation is completed assuming that no other events occurred in the 10-day period that changed any of the partners' personal assets and perso liabilities. Note: Round your answers to the nearest whole dollar
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