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Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners and towe is a limited partner. How

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Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners and towe is a limited partner. How much should each partner contribute to cover the remaining capital deficiency of $14,000? (Do not round intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sign.) Complete this question by entering your answers in the tabs below. Amount to be Sale of Assets Repaid to Partnership Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners and Lowe is a limited partner. How much should each partner contribute to cover the remaining capital deficiency of $44,000? (Do not round Intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sign.) Calculate Gain (Loss) on Sale of Assets Lowe Turner 5,700 Roth 15,000 Total 54,400 $ 33,100 $ $ $ Initial capital balances Allocation of gains (losses) Capital balances after gains (losses) 0 $ 54,400 Allocation of Lowe's Deficit to Turner and Roth Turner Roth Lowe Total (16.100) $ (20.420) Allocation of Lowe's deficit to Turner and Roth Capital balances after deficit allocation Amount to be repaid to partnership $ (23,580) S 0 S (44.000) $ (44000)

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