Pryor and lester are partners sharing gains and losses


Pryor and Lester 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.

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Financial Accounting: Pryor and lester are partners sharing gains and losses
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