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Following is the current balance sheet for a local partnership of attorneys: Cash and current assets $88,000 Liabilities 588,000 396,000 44,000 Building and equipment 220,000

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Following is the current balance sheet for a local partnership of attorneys: Cash and current assets $88,000 Liabilities 588,000 396,000 44,000 Building and equipment 220,000 M, capital 88,000 (net) N, capital 188,000 0, capital 284,000 Totals $682.00!) Totals $682 000

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