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The following condensed balance sheet is for the partnership of Arnie, Bart, and Kurt, who share profits and losses in the ratio of 4 :

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The following condensed balance sheet is for the partnership of Arnie, Bart, and Kurt, who share profits and losses in the ratio of 4:3:3, respectively:
\table[[Assets,Liabilities and,Capital],[Cash,$100,000,Liabilities,$150,000
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