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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 1. Each
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, 20X6, follow: 2. Carlos, Dan, and Gail share profits and losses in the ratio 15:45:40. 3. CDG sold all noncash assets on December 10,206, for $274,500. Additional Information 1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1, 20x6, follow: 2. Carlos, Dan, and Gail share profits and losses in the ratio 15:45:40. 3. CDG sold all noncash assets on December 10,206, for $274,500. Required: a. Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 206. b. Prepare a schedule of the net worth of each of the three partners as of December 10, 20X6, after the partnership liquidation is completed assuming that no other events occurred in the 10-day period that changed any of the partners' personal assets and personal liabilities. Complete this question by entering your answers in the tabs below. Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 206. Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Saved i Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. CDG PARTNERSHIP Prepare a schedule of the net worth of each of the three partners as of December 10,206, after the partnership liquidatio completed assuming that no other events occurred in the 10 -day period that changed any of the partners' personal assets liabilities. Note: Round your answers to the nearest whole dollar. 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, 20X6, follow: 2. Carlos, Dan, and Gail share profits and losses in the ratio 15:45:40. 3. CDG sold all noncash assets on December 10,206, for $274,500. Additional Information 1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1, 20x6, follow: 2. Carlos, Dan, and Gail share profits and losses in the ratio 15:45:40. 3. CDG sold all noncash assets on December 10,206, for $274,500. Required: a. Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 206. b. Prepare a schedule of the net worth of each of the three partners as of December 10, 20X6, after the partnership liquidation is completed assuming that no other events occurred in the 10-day period that changed any of the partners' personal assets and personal liabilities. Complete this question by entering your answers in the tabs below. Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 206. Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Saved i Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. CDG PARTNERSHIP Prepare a schedule of the net worth of each of the three partners as of December 10,206, after the partnership liquidatio completed assuming that no other events occurred in the 10 -day period that changed any of the partners' personal assets liabilities. Note: Round your answers to the nearest whole dollar
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