Business
Business, 25.07.2019 18:00, js3

Fred and george have been in partnership for many years. the partners, who share profits and losses on a 60: 40 basis, respectively, wish to retire and have agreed to liquidate the business. liquidation expenses are estimated to be $10,000. at the date the partnership ceases operations, the balance sheet is as follows:

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Fred and george have been in partnership for many years. the partners, who share profits and losses...

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