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In liquidation, balances prior to the distribution of cash to the partners are: Cash $204900; Edward, Capital $111900; Stengel, Capital $104700, and King, Capital
In liquidation, balances prior to the distribution of cash to the partners are: Cash $204900; Edward, Capital $111900; Stengel, Capital $104700, and King, Capital $11700 deficiency. The income ratio is 6:2:2, respectively. How much cash should be distributed to Stengel if King does not pay his deficiency? $95925 $98850 $101775 $104700
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
