Assume the same information as in Exercise 12-14 except that capital deficiencies at liquidation are

/in /by

Assume the same information as in Exercise 12-14 except that capital deficiencies at liquidation are absorbed by the remaining partners according to their income (loss) ratio.Required Prepare the entry to distribute the remaining cash to the partners. Round calculations to the nearest whole dollar.View Solution:
Assume the same information as in Exercise 12 14 except that