After allocation of gain on disposal of the assets and paying the creditors, the partnership...
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Accounting
After allocation of gain on disposal of the assets and paying the creditors, the partnership had $90,000 cash remaining. A, B, and Chad capital balances of $20,000, $30,000 and $40,000 respectively. Profit is shared on a ratio of 13:5, respectively. The cash to be received by partner A would be a $10.000. b. $30,000 540,000. d. $20,000
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