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Distribution of cash upon liquidation David Oliver and Umar Ansari, with capital balances of $ 6 6 , 0 0 0 and $ 8 9
Distribution of cash upon liquidation
David Oliver and Umar Ansari, with capital balances of $ and $
respectively, decide to liquidate their partnership. After selling the noncash assets
and paying the liabilities, there is $ of cash remaining. If the partners shat
income and losses equally, how should the cash be distributed?
If an amount is zero, enter in
Oliver and Ansari
Distribution of Cash
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