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A local partnership is liquidating and is currently reporting the following capital balances: 9 $ 44,000 Barley, capital (50% share of all profits and losses)
A local partnership is liquidating and is currently reporting the following capital balances: 9 $ 44,000 Barley, capital (50% share of all profits and losses) Carter, capital (30%) Desai, capital (20%) 32,000 (24,000) 7:32 Desai 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 receive? Multiple Choice Barley, $32,500; Carter, $19,500. Barley, $29,000; Carter, $23,000. Barley, $32,000; Carter, $20,000. c Barley, $22,000; Carter, $30,000
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