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1 A partnership is considering possible liquidation because one of the partners (Bell) is personally insolvent. Profits and losses are divided on a 4:3:2:1 basis,
1 A partnership is considering possible liquidation because one of the partners (Bell) is personally insolvent. Profits and losses are divided on a 4:3:2:1 basis, respectively. Capital balances at the current time are Skipped Bell, capital Hardy, capital Dennard, capital Suddath, capital $103,500 90,000 13,000 101,000 Print Bell's creditors have filed a $42,000 claim against the partnership's assets. The partnership currently holds assets of $510,000 and liabilities of $202,500. If the assets can be sold for $295,000, what is the minimum amount that Bell's creditors would receive? Multiple Choice O $0 O $2,500 $17,500 O $5,500
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