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Crack my work Requirea information The following information applies to the questions displayed below) Turner, Roth, and Lowe are partners who share income and loss in a 14.5 ratio in percents. Turner, 10% Roth, 40% and Lowe. 50%). The partners decide to liquidate the partnership Immediately before liquidation, the partnership balance sheet shows total assets, $174.000, total liabilities, $118,000; Turner, Capital, $6,500, Roth, Capital $15,000, and Lowe, Capital, $33.500 Cash received from selling the assets was sufficient to repay all but $48,000 to the creditors Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner ud Roth are general partners and Lowe is a limited partner. How much should each partner contribute to cover the remaining capital deliciency of $48.000? (Do not round Intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sign.) Complete this question by entering your answers in the tabs below. Amount to be Sale of Assets Repaid to Partnership Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners and lowe is a limited partner. Calculate sale of assets. Do not round intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sigo Total book value of assets Tawan Prey 18 of 1918 Next ACG2011 Help HSST UTOX KUTICI IN GUNURUCU TELURI URGO Here erreich UGOTI Required information Complete this question by entering your answers in the tabs below. Amount to be Sale of Assets Repaid to Partnership Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Tur..er and Roth are general partners and Lowe is a limited partner. Calculate sale of assets. (Do not round intermediate calculations. Losses and deficits ardunts to be deducted should be entered with a minus sign) Total book value of assets Total liabilities before liquidation Total liabilities remaining after paying proceeds of asset sales to creditors Cash proceeds from sale of assets Amount to be Repaid to Partnership > a # $ th HW - ACG2011 Help Seve & Exh 3 of 2 Required information [The following information applies to the questions displayed below) Turner, Roth, and Lowe are partners who share income and loss in a 1:4.5 ratio in percents: Turner, 10%; Rath, 40%, and Lowe. 50%. The partners decide to liquidate the partnership Immediately before liquidation, the partnership balance sheet shows total assets, $174,000, total liabilities, $118,000 Tirner, Capital, $6.500; Roth, Capital, $15.000, and Lowe, Capital, $33.500 Cash received from selling the assets was sufficient to repay all but $48.000 to the creditors. Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners and Lowe is a limited partner. How much should each partner contribute to cover the remaining capital deficiency of $48,000? (Do not round intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sign.) Complete this question by entering your answers in the tabs below Amount to be Sale of Assets Repaid to Partnership Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners and Lowe is a limited partner How much should each partner contribute to cover the remaining capital deficiency of $48.000? (Do not found intermediate chloulations. Losses and deficits amounts to be deducted should be entered with a minus in - ACG2011 252Fkeseruni... Savo Help Son AS BOLLIR ET EO LUNCHBU OG VI VODOWE Required information Complete this question by entering your answers in the tabs below. Amount to be Sale of Assets Repaid to Partnership Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners and Lowe is a limited partner. Calculate sale of assets. (Do not round Intermediate calculations. Losses and delicits amounts to be deducted should be entered with a minus sign.) Total book value of assets Total liabilities before liquidation Total liabilities remaining after paying proceeds of asset sales to creditors Cash proceeds from sale of assets Amount to be Repaid to Partnership to search Required information Amount to be Sale of Assets Repaid to Partnership Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners and Lowe is a limited partner. How much should each partner contribute to cover the remaining capital deficiency of $48,000? (Do not round intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sign) Calculate Gain Loss) on Sale of Assets Tumer 5 6 500 Roth $ 16.000 Initial capital balances Alocation of gains (losses) Capital balances after gains (losses) Lo Total $ 33.500 5 56,000 0 $ 56,000 Allocation of Lowe's Deficit to Turner and Roth Turner Roth Lowe Total (18.500) 5 0 $ (48000) $ 48.000) $ (7.600) Alocation of Lowe's delicit to Turner and Roth Capital balances after deficit allocation Amount to be repaid to partnership $ 40400 Sale of Assets a VA O ** ere to search