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A, B, and C are partners, sharing income 2:1:2. After selling all of the assets for cash, dividing gains and losses on realization, and paying
- A, B, and C are partners, sharing income 2:1:2. After selling all of the assets for cash, dividing gains and losses on realization, and paying liabilities, the balances in the capital accounts are as follows:
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A 10,000 Cr
B 10,000 Cr
C 20,000 Dr
How much cash should be distributed to A if C is only solvent by 14,000?
A 10,000 Cr
B 10,000 Cr
C 20,000 Dr
How much cash should be distributed to A if C is only solvent by 14,000?
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