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Red, White, and Blue are partners and share income and loss in a 5 : 2 : 3 ratio ( in percent: Red 5 0
Red, White, and Blue are partners and share income and loss in a :: ratio in percent: Red ; White ; and Blue The partners decide to liquidate, which results in a loss of $ The following dashboard shows the capital balances of the partnership immediately before liquidation.
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Compute the capital account balance of each partner after the loss from liquidation is allocated.
Note: Losses and deficits should be entered as a negative number with a minus sign.
tableRed,White,Blue,TotalCapital balances before loss liquidation,$$$$Allocation of losses,,,,,,,,Capital balances after loss,,,,,,,,
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