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Required information The following information applies to the questions displayed betow/ Guence, Rothe and Lowe are partners who share income and loss in a 2.3.5
Required information The following information applies to the questions displayed betow/ Guence, Rothe and Lowe are partners who share income and loss in a 2.3.5 ratio fin percents. Funce, 20% Both, 30%, and lowe, 50py. The partness decide to tqudale the partnership. Inmedately before liquidation, the partnership balance. sheet shows total assets. $169.200, total lishilites, $114.000, Turner, Capilal, $6,100, Poth, Capital, $15.800, and Lowe. Required: o. Nlocate the loss to the parterers b. Detencine how moch each pariner should contibute to the parinesitvin to cover any renaining capial deficiency Complete this nurabos hy entering your answers in the tabs below
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