The balance sheet of Morgan and Rockwell was as follows immediately prior to the partnership's liquidation cash, $22,700 other assets, $143,400 liabilities, $42,500 Morgan, capital, $58,400 Rockwell, capital, $65,200 The other assets were sold for $120,000 Morgan and Rockwell share profits and los...

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The balance sheet of Morgan and Rockwell was as follows immediately prior to the partnership's liquidation:...

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The balance sheet of Morgan and Rockwell was as follows immediately prior to the partnership's liquidation:...

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