The Good Times Company, a partnership, has assets of ($ 32,000) and liabilities of ($ 40,000). The
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The Good Times Company, a partnership, has assets of \(\$ 32,000\) and liabilities of \(\$ 40,000\). The partners' personal finances are as follows:
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Prepare a schedule showing the distribution of assets according to the marshaling of assets.
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Related Book For 
Advanced Financial Accounting
ISBN: 9780072444124
5th Edition
Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King
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