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A local partnership was in the process of liquidating and reported the following Capital account balances: Justice, capital (40% share of all profits and losses)
A local partnership was in the process of liquidating and reported the following Capital account balances: Justice, capital (40% share of all profits and losses) Zobart, capital (35%) Douglass, capital (25%) $ 23,000 22,000 (14,000) Douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution. However, the two remaining partners asked to receive the $31,000 that was then in the cash account. How much of this money should Zobart receive? O $15,867 $17,333. O $15,633 $15,467. $14,467
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