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Business, 29.10.2020 18:00 Circe5925

Ames and Barton are partners who share income in the ratio of 1:2 and have capital balances of $46,000 and $74,000, respectively, at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $84,000. What amount of loss on realization should be allocated to Barton?

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Ames and Barton are partners who share income in the ratio of 1:2 and have capital balances of $46,0...
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