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Liquidating Partnerships These partnership assets were sold for $ 9 9 , 0 0 0 . The partnership had $ 3 , 0 0 0

Liquidating Partnerships These partnership assets were sold for $

99, 000 .

The partnership had $

3, 000

of liabilities. MacPherson and Montgomery share income and losses equally.

Determine the amount received by MacPherson as a final distribution from liquidation of the partnership.

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