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Problem 1: Black and white are partners who share income in the ratio of 1:3 and have capital balances of 100,000 and 140,000 at the time they decided to terminate the partnership. after all non-cash assets are sold and all liabilities are paid, there is a cash balance of 130,000. What amount of loss on realization should be allocated to white?
Problem 2: Partners orange and violet each have a 200,000 capital balance and share profits and losses in a 3:2 rati, respectively. cash equals 100,000, non-cash assets equal 600,000 and liabilities equal 300,000. If the non-cash assets are sold for 250,000 and both partners agreed to make up for any capital deficits with personal cash contributions. violet will eventually receiev a cash of?
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