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losses equally. Required: a. Determine the amount of Callie's deficiency. $ b. Determine the amount distributed to Morrison, assuming that Callie is unable to satisfy the deficiency. partnership assets were sold for $156,000. The partnership had $5,000 of liabilities. Fowler and Brooks share income and losses equally. Determine the amount received by Fowler as a final distribution from liquidation of the partnership. X.

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losses equally. Required: a. Determine the amount of Callie's deficiency. $ b. Determine the amount distributed to Morrison, assuming that Callie is unable to satisfy the deficiency. partnership assets were sold for $156,000. The partnership had $5,000 of liabilities. Fowler and Brooks share income and losses equally. Determine the amount received by Fowler as a final distribution from liquidation of the partnership. X

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