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A local partnership was in the process of liquidating and reported the following capital balances: Picture Douglass indicated that the $14,000 deficit would be covered
A local partnership was in the process of liquidating and reported the following capital balances: Picture 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? $15,633. $14,467. $15,467. $15,867. $17,333
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