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Determine the main purpose of a statement of realization

Determine the main purpose of a statement of realization and liquidation, and discuss the major information that the primary parties can gain from a statement of realization and liquidation in order to grasp the major events of the liquidation process. Next, suggest the most critical information to disseminate to the partners and creditors during liquidation. Justify your response.

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Accounting Basics: Determine the main purpose of a statement of realization

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