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Question 9 Not yet answered Marked out of 1.00 Flag question Question text A & B decided to liquidate AB LLP. The non-cash assets of

Question 9

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A & B decided to liquidate AB LLP. The non-cash assets of AB LLP at cost 480,000. The non-cash assets were sold for 500000.the result is

Gain on realization 40000

Gain on realization 20000

Loss on realization 20000

Loss on realization 40000

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