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Liquidating Partnerships-Capital Deficiency Nettles, King, and Tanaka are partners sharing income 3:2:1. After the firm's loss from liquidation is distributed, the capital account balances were:
Liquidating Partnerships-Capital Deficiency Nettles, King, and Tanaka are partners sharing income 3:2:1. After the firm's loss from liquidation is distributed, the capital account balances were: Nettles, $66,000 Dr.; King, $250,000 Cr; and Tanaka, $172,000 Cr. and Tanaka upon 1?uida If Nettles is personally bankrupt and unable to pay any of the $66,000 what will be the amount of cash received by KI 0. Use the minus sign to indicate any deficiencies. on an amount ero enter Amount of Cash Received Nettles King Tanaka Capital balances after realization Distribution of partner deficiency Capital baances after deficlency distribution
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