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5. Vasilika, Lily, and Denise decide to liquidate their partnership. All assets are sold for cash and all the liabilities are paid. After this, their
5. Vasilika, Lily, and Denise decide to liquidate their partnership. All assets are sold for cash and all the liabilities are paid. After this, their capital balances are: Vasilika - $27,000; Lily - ($12,000); Denise - $43,000. Their profit/loss percentages are: Vasilika - 30%; Lily - 40%; Denise - 30%. Lily is unable to contribute any assets to reduce her deficit. How much cash will Vasilika receive as a result of the partnership liquidation? A. $15,000 B. $23,400 C. $21,000 D. $27,000 E. None of the above
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