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Harding, Jones, and Sandy is in the process of liquidating and the partners have the following capital balances; $24,000, $24000, and ($9,000) respectively. The pertners
Harding, Jones, and Sandy is in the process of liquidating and the partners have the following capital balances; $24,000, $24000, and ($9,000) respectively. The pertners share all profits and losses 16%, 48%, and 36% respectively. Sandy has Indicated that the ($9,000) deficit will be covered with a forthcoming contribution. The remaining partners have requested to immediately receive $20,000 in cash that is available. How should this cash be distributed?
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