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***Edit: This is as clear as the images get. If you can not see it please pass to someone else The CDG Carlos, Dan, and
***Edit: This is as clear as the images get. If you can not see it please pass to someone else
The CDG Carlos, Dan, and Gail Partnership has decided to liquidate as of December 1, 20X6. A balance sheet on the date follows: CDG PARTNERSHIP Balance Sheet At December 1, 20X6 s 29.500 Propety Plant and Equment e 540.500 283 500 Accounts Payable Capta Total Capta Total Liabilities and Capital 1 Each partner's assets (excluding partnership capital interests) and personal liabilities of each partner as of December 1, 20x6, follow Perponal assets 259000 $309000 359.000 Personal labiles (23500) 23.5001 (334 300) Personal net woh 24500 73,500 24700 2 Carlos, Dan, and Gail share profits and losses in the ratio 20:40:40. CDG sold all noncash assets on December 10, 20X6, for $267,500. Required a Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 20X6. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Lump-4um Liquidiation on December 10, 20006Step by Step Solution
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