12-6B_22e - 2. STREET, RHODES, AND FLYNN Statement of...

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Problem 12-6B Name: Section: Enter the appropriate amounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. 1. STREET, RHODES, AND FLYNN Statement of Partnership Liquidation For the Period June 3 - 29, 2008 Noncash Street Cash + Assets = Liabilities + (1/5) + Balances before realization Sale of assets and division of gain Balances after realization Payment of liabilities Balances after payment of liabilities Cash distributed to partners Final balances
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Unformatted text preview: 2. STREET, RHODES, AND FLYNN Statement of Partnership Liquidation For the Period June 3 - 29, 2008 Noncash Street Cash + Assets = Liabilities + (1/5) + Balances before realization Sale of assets and division of loss Balances after realization Payment of liabilities Balances after payment of liabilities Receipt of deficiency Balances Cash distributed to partners Final balances Capital Rhodes Flynn (2/5) + (2/5) Capital Rhodes Flynn (2/5) + (2/5)...
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12-6B_22e - 2. STREET, RHODES, AND FLYNN Statement of...

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