Business, 15.11.2019 22:31 lkelsey

Prior to liquidating their partnership, joyce and xi had capital accounts of $50,000 and $105,000, respectively. prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. these partnership assets were sold for $190,000. the partnership had $10,000 of liabilities. joyce and xi share income and losses equally.

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Prior to liquidating their partnership, joyce and xi had capital accounts of $50,000 and $105,000, r...