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A partnership has the following capital balances: A (20% of profits and losses) exist100,000 B (30% of profits and losses) 120,000 C (50% of profits
A partnership has the following capital balances: A (20% of profits and losses) exist100,000 B (30% of profits and losses) 120,000 C (50% of profits and losses) 180,000 If the partnership is to be liquidated and exist30,000 becomes immediately available, who gets that money? Show your work: "The split is 20/30 or 40%/60%
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