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Required information [ T h e following information applies t o the questions displayed below. ] The partnership o f Garcia, Iglesias, and Kassabian was
Required information
following information applies the questions displayed below.
The partnership Garcia, Iglesias, and Kassabian was formed several years ago a local tax preparation firm. Two
partners have reached retirement age, and the partners have decided terminate operations and liquidate the business.
Liquidation expenses $ are expected. The partnership balance sheet the start liquidation follows:
equired:
repare a predistribution plan for this partnership.
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