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1)The Donna, Megga, and Finnigan partnership began the process of liquidation with the following balance sheet: Donna, Megga, and Finnigan share profits and losses in
1)The Donna, Megga, and Finnigan partnership began the process of liquidation with the following balance sheet: Donna, Megga, and Finnigan share profits and losses in a ratio of 3:2:5.Liquidation expenses are expected to be $12,000.
If the noncash assets were sold for $234,000, what amount of the loss would have been allocated to Megga with respect to the noncash assets?
a.$43,200.
b.$46,800.
c.$40,000.
d.$42,400.
$43,100
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