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2. The B-ball Partnership is liquidated when the ledger shows: Cash Non-cash Assets Liabilities Jordan, Capital $93,000 55,000 48,000 80,000 20,000 Barkley, Capital Jordan's and
2. The B-ball Partnership is liquidated when the ledger shows: Cash Non-cash Assets Liabilities Jordan, Capital $93,000 55,000 48,000 80,000 20,000 Barkley, Capital Jordan's and Barkley's income ratios are 3:2, respectively. The non-cash assets are sold for $20,000. Instructions Prepare the entries required to liquidate the partnership dated December 31st, 2020. [11]
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Cima Official Learning System Fundamentals Of Business Mathematics
Authors: Graham Eaton
4th Edition
1856177831, 978-1856177832
