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Distribution of Cash Upon Liquidation David Oliver and Umar Ansari, with capital balances of $52,000 and $70,000, respectively, decide to liquidate their partnership. After selling
Distribution of Cash Upon Liquidation David Oliver and Umar Ansari, with capital balances of $52,000 and $70,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying the liabilities, there is $153,000 of cash remaining. If the partners share income and losses equally, how should the cash be distributed? If an amount is zero, enter in " 0
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