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Fred, Flint and Wilma announced the liquidation of their Partnership beginning on January 1, 2010. Profits and losses are divided 30% to Fred, 20% to
Fred, Flint and Wilma announced the liquidation of their Partnership beginning on January 1, 2010. Profits and losses are divided 30% to Fred, 20% to Flint, and 50% to Wilma. Balance Sheet items are summarized as follows: Prepare a cash distribution plan as of January 1, 2010, for the Fred, Flint, and Wilma Partnership
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