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Mr X.,Mr.Y. and Mr. Z went through major partnership losses that forced them to decide on liquidation. They sold all their assets, paid all their
- Mr X.,Mr.Y. and Mr. Z went through major partnership losses that forced them to decide on liquidation. They sold all their assets, paid all their liabilities and ended up with net Revenue of $140000 to be distributed among the 3 partners each according to their contribution. Mr. X contributed $60000, Mr. Y contributed $50000 and Mr. Z contributed $30000. How much will each partner receive?
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Business Accounting An Introduction To Financial And Management Accounting
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
2nd Edition
0230276237, 978-0230276239
