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15. In liquidation, balances prior to the distribution of cash to the partners are: Cash $255,000; Presley, Capital $140,000; Laswell, Capital $130,000, and Hunter, Capital
15. In liquidation, balances prior to the distribution of cash to the partners are: Cash $255,000; Presley, Capital $140,000; Laswell, Capital $130,000, and Hunter, Capital $15,000 deficiency. The income ratio is 6:2:2, respectively. How much cash should be distributed to Laswell if Hunter does not pay his deficiency? (3 Points) $126,250 $130,000 $122,500 $118,750
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Performance Auditing A Measurement Approach
Authors: Ronell B. Raaum CGAP CGFM, Stephen L. Morgan CIA CGAP CFE CGFM
2nd Edition
0894136607, 9780894136603
