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PLease answer all for 5 stars. Lui, Montawo, and Johnson plan to liquidate their Premium Pool and Spo business. They have ahways shared protit and
PLease answer all for stars. Lui, Montawo, and Johnson plan to liquidate their Premium Pool and Spo business. They have ahways shared protit and losses in a ::
ratio, and on the day of the liquidation their balance sheet appeared as folows:
b The machinery is sold for $Negative answers should be indicated by a minus sign.
c The mochinery is sold for $ and any portners with resulting deficits can and do pay in the amount of their deficits Negative
answers should be indicated by a minus sign
d The machinery is sold for $ and the partners have no assets other than those invested in the business. Negative answers
should be indicated by a minus sign.
Prepare the entry to record the final distribution of cash assuming the mochinery is sold for $
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