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Liquidating Partnerships Prior to liquidating their partnership, Perkins and Brooks had capital accounts of $87,000 and $123,000, respectively. Prior to liquidation, the partnership had no

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Liquidating Partnerships Prior to liquidating their partnership, Perkins and Brooks had capital accounts of $87,000 and $123,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. These partnership assets were sold for $233,000. The partnership had $6,000 of abilities. Perkins and Brooks share income and losses equally. Determine the amount received by Perkins as a final distribution from liquidation of the partnership Ove My Work 2 more Che My Working Previous Next >

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