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The Field, Brown & Snow partnership was begun with investments by the partners as follows: Field, $130,200; Brown, $166,200; and Snow, $153,900. The partners decide
The Field, Brown & Snow partnership was begun with investments by the partners as follows: Field, $130,200; Brown, $166,200; and Snow, $153,900. The partners decide to liquidate, sharing all losses equally. On May 31, after all assets were sold and all creditors were paid, only $44,100 in partnership cash remained.
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