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What amount of loss on realization be allocated to white

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Question 1: Black and white are partners who share income in the ratio of 1:3 and have capital balances of 100,000 and 140,000 at the time they decided to terminate the partnership. After all non-cash assets are sold and all liabilities are paid, there is a cash balance of 130,000. What amount of loss on realization should be allocated to white?

Reference no: EM132929844

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