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6. The following condensed balance sheet is presented for the partnership of Cooke, Dorry, and Evans who share profits and losses in the ratio of
6. The following condensed balance sheet is presented for the partnership of Cooke, Dorry, and Evans who share profits and losses in the ratio of 4:3:3, respectively: Cash $ 90,000 Other assets 820,000 Cooke, loan 30,000 $940,000 Accounts payable Evans, loan Cooke, capital Dorry, capital Evans, capital $210,000 40,000 300,000 200,000 190,000 $940,000 Assume that the partners decide to liquidate the partnership. If the other assets are sold for $600,000, how much of the available cash should be distributed to Cooke? a. $170,000. b. $182,000. c. $212,000. d. $300,000
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