Social Studies, 29.04.2021 07:00 hei40563273

Suzy and Ray, owned and operate a proprietorship for several years, on April, 2021 they decides to terminate this business and end both the legal and economic life of the entity, as an unregistered company. Both, Suzy and Ray do not know how to deal with liquidation, as a result they come to you as an accountant for your advice and guidance to liquidate their partnership. Required: 1.There are several reasons that lead to partnership liquidation, mentign two reasons. (2 Points) 2. As an expert in this field, explain how Suzy and Ray could account for the liquidation of a partnership. (2 Points

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Suzy and Ray, owned and operate a proprietorship for several years, on April, 2021 they decides to t...

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