Distribution of Cash Upon Liquidation David Oliver and Umar Ansari, with capital balances of $28,000...
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Distribution of Cash Upon Liquidation David Oliver and Umar Ansari, with capital balances of $28,000 and $35,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying the liabilities, there is $67,000 of cash remaining. If the partners share income and losses equally, how should the cash be distributed? If an amount is zero, enter in "0". Oliver and Ansari Distribution of Cash Oliver Capital balances before realization $ Division of gain on realization Capital balances after realization Cash distributed to partners Final balances Ansari Total
Distribution of Cash Upon Liquidation David olver and Umar Ansari, whit caplal balances of $28,000 and $35,000, respectively, decide to liculdate theic parthenhip, After selling the noncash asists and paying the liabilities, there is $67,000 of cash remaining, If the parthers share income and losses equally, how should the cash be datributed? If an amoune is zero, enter in 0
Distribution of Cash Upon Liquidation David Oliver and Umar Ansari, with capital balances of $28,000 and $35,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying the liabilities, there is $67,000 of cash remaining. If the partners share income and losses equally, how should the cash be distributed? If an amount is zero, enter in "0". Oliver and Ansari Distribution of Cash Oliver Capital balances before realization $ Division of gain on realization Capital balances after realization Cash distributed to partners Final balances Ansari Total

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