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Business, 29.01.2020 06:47 simbupls

Ames and barton are partners who share income in the ratio of 1: 2 and have capital balances of $40,000 and $70,000, respectively, at the time they decide to terminate the partnership. after all noncash assets are sold and all liabilities are paid, there is a cash balance of $80,000. what amount of loss on realization should be allocated to barton? a.$80,000 b.$10,000 c.$20,000 d.$30,000

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