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D Use the following account balance information for Granobfin Partnership with income ratios of 2:4:4 for Steven, Noble, and Finn, respectively. Assets Liabilities and Owner's
D Use the following account balance information for Granobfin Partnership with income ratios of 2:4:4 for Steven, Noble, and Finn, respectively. Assets Liabilities and Owner's Equity. Cash $54100 Accounts payable $126300 Accounts receivable 131900 Steven, Capital 138100 Inventory 437700 Noble, Capital 48100 Finn, Capital 311200 $623700 $623700 Assume that, as part of liquidation proceedings, Granobfin sells its noncash assets for $360400. As a result, one of the partners has a capital deficiency which that partner decides not to repay. The amount of cash that would ultimately be distributed to Finn would be $311200. $144100. $227520. $203800
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