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The CDG Carlos, Dan, and Gail Partnership has decided to liquidate as of December 1, 20X6. A balance sheet on the date follows: Additional Information
The CDG Carlos, Dan, and Gail Partnership has decided to liquidate as of December 1, 20X6. A balance sheet on the date follows: Additional Information 1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1,206, follow: 2. Carlos, Dan, and Gail share profits and losses in the ratio 20:40:40. 3. CDG sold all noncash assets on December 10,206, for $2,69,500. ?equired: 1. Prepare a statement of realzation and liquidation for the CDG Partnership on December 10, 20X6. (Do not round your intermediate 'salculations. Round your final answers to the nearest whole dollar.) 3. Prepare a schedule of the net worth of each of the three partners as of December 10,2005 , after the liquidation of the partnership is Completed assuming that no other events occurred in the 10-day period that changed any of the partners' personal assets and jersonal labilities. (Round your answers to the nearest whole dollar.)
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