Turner, roth, and lowe are partners who share income and loss in a 1: 4: 5 ratio. after lengthy disagreements among the partners and several unprofitable periods, the partners decide to liquidate the partnership. immediately before liquidation, the partnership balance sheet shows total assets, $126,000; total liabilities, $78,000; turner, capital, $2,500; roth, capital, $14,000; and lowe, capital, $31,500. the cash proceeds from selling the assets were sufficient to repay all but $28,000 to the creditors. exercise 12-11 liquidation of partnership lo p5 required: a. calculate the loss from selling the assets. b. allocate the loss from part a to the partners. c. determine how much, if any, each partner should contribute to the partnership to cover any remaining capital deficiency

answer; /// i believe the correct answer is first in, first out(fifo); //

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

i would prefer to go with the news article for nate, its recent and updated and stores a lot of information

answer; blank(1); /rises; blank(2); //increases;