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David Wallace, Olena Dunn, and Danny Lin were partners in a commercial architect firm and showed the following account balances as of December 31,2023 Due
David Wallace, Olena Dunn, and Danny Lin were partners in a commercial architect firm and showed the following account balances as of December 31,2023 Due to several unprofitable periods, the partners decided to liquidate the partnership. The equipment was sold for $58,000 on January 1,2024 The parthers share any profit (loss) in the ratio of 2:1:1 for Wallace, Dunn, and Lin, respectively. David Wallace, Olena Dunn, and Danny Lin were partners in a commercial architect firm and showed the following account balances as of December 31,2023 Due to several unprofitable periods, the partners decided to liquidate the partnership. The equipment was sold for $58,000 on January 1,2024 The parthers share any profit (loss) in the ratio of 2:1:1 for Wallace, Dunn, and Lin, respectively
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