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Gilligan, skipper, and professor are partners with a profit and loss ratio of 4: 3: 3. the partnership was liquidated and, prior to the liquidation process, the partnership balance sheet was as follows: after the partnership was liquidated and the cash was distributed, skipper received $96,000 in cash in full settlement of his interest. the liquidation loss must have
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Gilligan, skipper, and professor are partners with a profit and loss ratio of 4: 3: 3. the partnersh...
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