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HELP ME PLZZZ!!! 1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1 , 206, follow: 2. Carlos. Dan,
HELP ME PLZZZ!!!
1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1 , 206, follow: 2. Carlos. Dan, and Gail share profits and losses in the ratio 20.40.40 3. CDG sold all noncash assets on December 10,206, for $266,000 Required: a. Prepare a statement of realization and liauidation for the CDG Partriership on December 10, 20x6. (Do not round your intermediote calculotions. Round your final answers to the nearest whole dollor.) 3. Prepare a schedule of the net worth of each of the three partners as of December 10,2006 , after the liquidation of the jartnership is completed assuming that no other events occurred in the 10 -day period that changed arry of the partners' personal issets and personal liabilities. (Round your answers to the nearest whole dollar.) Step by Step Solution
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