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Can you explain this number? 52. The following balance sheet is for the partnership of Able, Bayer, and Cain which shares profits and losses in

Can you explain this number?

52. The following balance sheet is for the partnership of Able, Bayer, and Cain which shares profits and losses in the ratio of 4:4:2, respectively.

Assets

Cash

$ 20,000

Other Assets

180,000

$ 200,000

Liabilities and Capital

Liabilities

$ 50,000

Able, Capital

37,000

Bayer, Capital

65,000

Cain, Capital

48,000

$ 200,000

The original partnership was dissolved when its assets, liabilities, and capital were as shown on the above balance sheet and liquidated by selling assets in installments. The first sale of noncash assets having a book value of $90,000 realized $50,000, and all cash available after settlement with creditors was distributed. How much cash should the respective partners receive (to the nearest dollar)?

Answer is A) Able $0; Bayer $3,000; Cain $17,000.

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