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On January 1, 2019, the partners of SAD, who share profits and losses in the ratio of 5:3:2, decided to liquidate their partnership. The
On January 1, 2019, the partners of SAD, who share profits and losses in the ratio of 5:3:2, decided to liquidate their partnership. The estimated liquidation expenses are $30,000. On this date. its condensed balance sheet was as follows: Debit Credit Cash $50,000 Other Assets 250,000 Liabilities Sara, Capital Aya. Capital $60.000 80,000 90.000 Dunia. Capital Total 70,000 $300,000 $300,000 On January 15, 2019, the first cash sale of other assets with a carrying amount of $150,000 realized $100,000. Based on the safe instalment payments to the partners, how much cash should be distributed to each partner? Select one: a. Sara $0. Aya $60,000. Dunia $0 b. Sara $0, Aya $30,000. Dunia $30,000
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