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5 The balance sheet for the Delphine, Xavier, and Olivier partnership follows: Cash $ 75,120 Noncash assets 142,000 Liabilities Delphine, capital Xavier, capital $
5 The balance sheet for the Delphine, Xavier, and Olivier partnership follows: Cash $ 75,120 Noncash assets 142,000 Liabilities Delphine, capital Xavier, capital $ 50,500 80,580 61,000 20 Olivier, capital 25,040 points Total assets $ 217,120 Total liabilities and capital $ 217,120 eBook Print References Delphine, Xavier, and Olivier share profits and losses in the ratio of 4:4:2, respectively. The partners have agreed to terminate the business and estimate that $16,200 in liquidation expenses will be incurred. a. What is the amount of cash that safely can be paid to partners prior to liquidation of noncash assets? b. Calculate the amount of safe payment that can be made to each partner prior to liquidation of noncash assets. Complete this question by entering your answers in the tabs below. Required A Required B What is the amount of cash that safely can be paid to partners prior to liquidation of noncash assets? Cash that safely can be paid < Required A Required B > Required A Required B Calculate the amount of safe payment that can be made to each partner prior to liquidation of noncash assets. Safe payments Delphine Xavier Olivier < Required A Required B >
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