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a) Barley, $32,000 Carter $20,000 b) Barley $32,500 Carter $19,500 c) Barley $22,000 Carter $30,000 d) Barley $29,000 Carter $23,000 A local partnership is liquidating
a) Barley, $32,000 Carter $20,000
b) Barley $32,500 Carter $19,500
c) Barley $22,000 Carter $30,000
d) Barley $29,000 Carter $23,000
A local partnership is liquidating and is currently reporting the following capital balances: Barley, capital (50% share of all profits and losses) $ 44,000 Carter, capital (30%) 32,000 Desai, capital (20%) (24,000) Desal has indicated that a forthcoming contribution will cover the $24,000 deficit. However, the two remaining partners have asked to receive the $52,000 in cash that is currently available. How much of this money should each of the partners receiveStep by Step Solution
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