Jorge, Jamul and Jihad are partners in a Limited partnership. Jorge and Jamil are general partners, while Jihad is a limited partner share capital balance of $50,000, $45,000and $20,000 respectively. Sharing the profits and losses equally, and they liquidated the firm, Realization Account was 90000 debit balance. What is Jorge's share from the firm cash?
Jorge, Jamul and Jihad are partners in a Limited partnership. Jorge and Jamil are general partners, while Jihad is a limited partner share capital balance of $50,000, $45,000and $20,000 respectively. Sharing the profits and losses equally, and they liquidated the firm, Realization Account was 90000 debit balance. What is Jorge's share from the firm cash?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Jorge, Jamul and Jihad are partners in a Limited partnership. Jorge and Jamil are general partners, while Jihad is a limited partner share capital balance of $50,000, $45,000and $20,000 respectively. Sharing the
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