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Prior to liquidating their partnership, Todd and Dawn had capital accounts of $48,000 and $95,000...

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Accounting

Prior to liquidating their partnership, Todd and Dawn had capital accounts of $48,000 and $95,000 respectively. Prior to liquidation, the partnership had no cash acids other than what was realized from the sale of assets. These partnership assets were sold for $171,000. The partnership had $6000 of liabilities. Todd and Dawn share income losses equally.

Determine the amount received by Todd as a final distribution from liquidation of the

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