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Why Are Realization Gains or Losses Allocated to Partners in Their

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Why are realization gains or losses allocated to partners in their profit and loss ratios?


Definitions:

Clasts

Rock fragments or grains that are cemented together in a sedimentary rock.

Velocity

The speed of an object in a given direction.

Turbulence

Irregular, chaotic motion of fluid or air, often causing rapid changes in speed and direction.

Hydrograph

A chart that shows the flow of water, typically in rivers or streams, over a period of time, illustrating changes in water level or discharge.

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