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he following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively:

he following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively:

Cash $ 53,000 Liabilities $ 30,000
Other assets 153,000 Miller, capital 78,000
Tyson, capital 78,000
Watson, capital 20,000
Total assets $ 206,000 Total liabilities and capital $ 206,000

For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation?

Other assets must be sold

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