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A partnership is considering possible liquidation because one of the partners (Bell) is personally insolvent. Profits and losses are divided on a 43:2:1 basis, respectively.

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A partnership is considering possible liquidation because one of the partners (Bell) is personally insolvent. Profits and losses are divided on a 43:2:1 basis, respectively. Capital balances at the current time are Bell, capital Hardy, capital Dennard, capital Suddath, capital $70,000 64,000 12,000 88,000 Bell's creditors have fled a $29,000 claim against the partnership's assets. The partnership currently holds assets of $380,000 and abilities of $146,000, the assets can be sold for $230,000, what is the minimum amount that Bell's creditors would receive? Multiple Choice 52 500 $10,000

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