Geo777
Geo777
04.10.2019 • 
Business

The summarized balances of the accounts of mno partnership on december 31, 2017, are as follows:
assets liabilities and capital
cash$ 15,000
liabilities$ 15,000
noncash 90,000m, capital45,000n, capital30,000o, capital15,000
total assets$105,000
total equities$105,000
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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