Determine the main purpose of a statement of realization and liquidation

Determine the main purpose of a statement of realization and liquidation

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 to grasp the major events of the liquidation process. Suggest the most critical information to disseminate to the partners and creditors during liquidation. Justify your response.