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Multiple Choice Question 115 In liquidation, balances prior to the distribution of cash to the partners are: Cash $890000; Peterson, Capital $410000; Laney, Capital $384000,

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Multiple Choice Question 115 In liquidation, balances prior to the distribution of cash to the partners are: Cash $890000; Peterson, Capital $410000; Laney, Capital $384000, and Howell, Capital $96000. The income ratio is 6:2:2, respectively. How much cash should be distributed to Peterson? O $398000 O $362000 0 $442000 $410000 Click if you would like to show Work for this question: Open Show Work

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