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Richard and Overhill are equal partners in the R & O Roofing firm. In the process of ending the business, they sell all of the

Richard and Overhill are equal partners in the R & O Roofing firm. In the process of ending the business, they sell all of the partnerships' non-cash assets. Listed below are the assets and liabilities of the business:

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1. Complete the liquidation transactions outlined above. 2. How much cash will each partner receive at the final liquidation?

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