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Required information The following information apales to the questions displayed below). Turnec, Aoth, and Lowe are partners who share income and loss in a 1:4.5

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Required information The following information apales to the questions displayed below). Turnec, Aoth, and Lowe are partners who share income and loss in a 1:4.5 ratio fin percents: Tumec, 10\%; Roth, 40%, and Lowe, 50%4 The parthers decide to liquidate the partnership. Immediately before Iquidation, the parthership balance sheet shows total assets, $174,000; total liabities, $118,000, Turnet, Capital, $6.500, Roth, Capital, $36,000; and Lowe. Capital, $33,500. The liguidation resilted in a loss of $104,000. Required: a. Niocate the loss to the partners. b. Determine how much each partner should contribute to the partnership to cover any remaining capesi deficiency Complete this question by entering your answers in the tabs below. Allocate the icss to the partners. Required information The following information applies to the questions displayed below] Turner, Roth, and Lowe are partners who share income and loss in a 1:4.5 ratio fin percents: Turnec, 10\%; Roth, 40\%; and Lowe, 50%, The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $174,000; total Ilabilities, \$118,000; Turnet, Capital, \$6,500; Roth, Capital, $16,000, and Lowe, Capital, $33,500. The liquidation resulted in a loss of $104,000. Required: a. Allocate the loss to the partners. b. Determine how much each parther should contribute to the partnership to cover any remaining capital deficiency. Complete this question by entering your answers in the tabs below. Determine how much each partner should contribute to the partnership to cover any remaining capital deficiency

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