{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T10:05:58-04:00", "answer_date": "2024-05-26 10:05:58", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1733584", "url": "\/study-help\/questions\/a-partnership-group-has-decided-to-liquidate-the-business-the-1733584", "question_creation_date_js": "2024-05-26T10:05:58-04:00", "question_creation_date": "May 26, 2024 10:05 AM", "meta_title": "[Solved] A partnership group has decided to liquid | SolutionInn", "meta_description": "Answer of - A partnership group has decided to liquidate the business. The ownership group consists of three owners A, B, and C wh | SolutionInn", "meta_keywords": "partnership,group,decided,liquidate,business,ownership,consists,three,owners,c,profit,split", "question_title_h1": " A partnership group has decided to liquidate the business. The ownership group consists of three owners A, B, and C whose ownership and profit", "question_title": " A partnership group has decided to liquidate the business. The ownership", "question_title_for_js_snippet": "A partnership group has decided to liquidate the business The ownership group consists of three owners A, B, and C whose ownership and profit split is 7 5 3 respectively The balance sheet is as follows Cash $75,000 Non cash Assets $400,000 Liabilities $100,000 A's, Capital $150,000 B's, Capital $40,000 C's, Capital $185,000 The non cash assets were sold for $250,000 For part 2 of this problem, determine what was the final cash amounts paid to C a) $ 155,000", "question_description": "\"image\"image", "transcribed_text": "A partnership group has decided to liquidate the business. The ownership group consists of three owners A, B, and C whose ownership and profit split is 7:5:3 respectively. The balance sheet is as follows: Cash $75,000 Non-cash Assets $400,000 Liabilities $100,000 A's, Capital $150,000 B's, Capital $40,000 C's, Capital $185,000 The non-cash assets were sold for $250,000. For part 2 of this problem, determine what was the final cash amounts paid to C? a) $ 155,000", "related_book": { "title": "Intermediate Accounting", "isbn": "032459237X, 978-0324592375", "edition": "17th Edition", "authors": "James D. Stice, Earl K. Stice, Fred Skousen", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/92.jpg", "uri": "\/textbooks\/intermediate-accounting-17th-edition-92", "see_more_uri": "" }, "free_related_book": { "isbn": "0967036232", "uri": "\/textbooks\/beginners-guide-to-quantum-psychology-1st-edition-9780967036236-105616", "name": "Beginners Guide To Quantum Psychology", "edition": "1st Edition" }, "question_posted": "2024-05-26 10:05:58", "see_more_questions_link": "\/study-help\/questions\/business-business-communication-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/environmental-economics\/consider-a-situation-with-two-countries-that-have-abatement-cost-1279408", "description": "Consider a situation with two countries that have abatement cost functions : for j=L and j=H. 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