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The Summarized Balances of the Accounts of MNO Partnership on December

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The summarized balances of the accounts of MNO partnership on December 31,2017,are as follows: The summarized balances of the accounts of MNO partnership on December 31,2017,are as follows:   The agreed upon profit/loss ratio is 50:40:10,respectively.Using the information given above,which one of the following amounts,if any,is the loss absorption potential of partner N as of December 31,2017? A) $20,000 B) $35,000 C) $75,000 D) $120,000 The agreed upon profit/loss ratio is 50:40:10,respectively.Using the information given above,which one of the following amounts,if any,is the loss absorption potential of partner N as of December 31,2017?


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