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A partnership has the following balance sheet

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Question;A partnership has the following balance sheetAssets 700000Liab 480000Capital 220000The Capital balances are:H (50% P&L) 150000Ma (30%) 69000MF (20%) 1000The partnership liquidates and pays off all debts......in addition $50,000 becomes available for the partners. How much will each partner receive of the $50,000?

 

Paper#44187 | Written in 18-Jul-2015

Price : $22
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