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2.2223 points Save Answer The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances: S Cash Noncash assets 90,000
2.2223 points Save Answer The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances: S Cash Noncash assets 90,000 300,000 Liabilities IIcnry, capital Isaac, capital Jacobs, capital Total $ 60,000 80,000 110,000 140,000 $ 390,000 Total S 390,000 Estimated expenses of liquidation were $10,000. Henry, Isaac, and lacobs shared profits and losses in a ratio of 2:4:4. Before liquidating any assets, the partners determined the amount of safe cash and distributed it. The noncash assets were then sold for $120,000, and the liquidation expenses of $10,000 were paid. How much of the $120,000 would be distributed to Henry? $30,667. $24,000. $40,667. e here to search 3/27/2020 W
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