Liquidating Partnerships-Deficiency Prior to liquidating their partnership, Pepper and Russo had capital accounts of $21,000 and...

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Liquidating Partnerships-Deficiency Prior to liquidating their partnership, Pepper and Russo had capital accounts of $21,000

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Answer 1

Answer #1

Answer: PageNo a, The amount of peppers deficiency sale of assets $ 38,000 | carrying value of assets (21,000-483,000) $ 109

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Answer 2

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Liquidating Partnerships-Deficiency Prior to liquidating their partnership, Pepper and Russo had capital accounts of $21,000 and...