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help Distribution of Cash Upon Liquidation David Oliver and Umar Ansari, with capital balances of $27,000 and $36,000, respectively, decide to liquidate their partnership. After
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Distribution of Cash Upon Liquidation David Oliver and Umar Ansari, with capital balances of $27,000 and $36,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying the sabities, there is $79,000 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". Oliver and Ansari Distribution of Cash Oliver Ansari Total Capital balances before realization Division of gain on realization Capital balances after realization Cash distributed to partners Final balances Step by Step Solution
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