Business, 15.04.2020 02:38 TristonC1680

Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realization, their capital balances are $36,000 and $24,000, respectively. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $45,000.

What is the amount loss on realization?

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Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their part...

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