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Lump-Sum Liquidation wish to sell the business before beginning their respective careers. They shared profits in a 7:5:4 ratio. The partnership's current balance sheet is

Lump-Sum Liquidation wish to sell the business before beginning their respective careers. They shared profits in a 7:5:4 ratio. The partnership's current balance sheet is as follows: and the partnership is liquidated. Required How much does each partner receive? Required Use the safe payment approach to determine the amount of cash to be distributed to each partner after this sale

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