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can you please help me with A & B ABC Partnership was unsuccessful and is beginning liquidation. All partners share profits and losses equally. Current
can you please help me with A & B
ABC Partnership was unsuccessful and is beginning liquidation. All partners share profits and losses equally. Current Capital balances are as follows: Partner A: 49000 Partner B: 33000 Partner C: -6000 The partnership has a current cash balance of 21000 and noncash assets of 91000 . The partnership expects to receive 80000 from the sale of the non cash assets. Both Partner A and B are personally solvent, but Partner C is not. The estimate of cash disbursed to each partner will be: Partner A: Partner B: Partner C: 06Step by Step Solution
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