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A partnership was in the process of liquidating and reported the following partner's capital balances: Justice-capital (
Posted: Sun Jun 05, 2022 7:46 pm
by answerhappygod
- A Partnership Was In The Process Of Liquidating And Reported The Following Partner S Capital Balances Justice Capital 1 (1.23 MiB) Viewed 41 times
A partnership was in the process of liquidating and reported the following partner's capital balances: Justice-capital (40%) $23,000 Zobart-capital (35%) $22,000 Douglass-capital ($14,000) (25%) Douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution. However, the 2 remaining partners asked to receive the $31,000 that was then in the cash account. How much of the $31,000 should Justice and Zobart each receive? Justice [Choose ] Zobart [Choose ]