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23 White, Sands, and Luke has the following capital account balances and profit and loss ratios: $60,000 (30%): $100,000 (20%), and $200,000 (50%). The partnership
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White, Sands, and Luke has the following capital account balances and profit and loss ratios: $60,000 (30%): $100,000 (20%), and $200,000 (50%). The partnership has received a predistribution plan. How would $200,000 be distributed? A) B) c) D) E) White $60,000 $ 6,000 $48, 148 $12,000 $60,000 Sands Luke $ 40,000 $100,000 $ 44,000 $150,000 $ 65,432 $ 86, 420 $ 68,000 $120,000 $100,000 $ 40,000 Multiple Choice O Option E Option B . Option A E) $60,000 $100,000 $ 40,000 Multiple Choice Option E O Option Option A Optionc Option D Step by Step Solution
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