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A partnership has gone through liquidation and now reports the following account balances: Profits and losses are allocated on the following basis: Wayman, 30 percent;
A partnership has gone through liquidation and now reports the following account balances: Profits and losses are allocated on the following basis: Wayman, 30 percent; Jones, 20 percent; Fuller, 30 percent; and Rogers, 20 percent. Which of the following events should occur now? Multiple Choice Multiple Choice Jones should receive $3,000, Fuller $8,800, and Rogers $4,200. Fuller should receive $11,800 and Rogers $4,200. Jones should receive $3,000 cash because of the loan balance. Fuller should receive $10,600 and Rogers $5,400
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