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Partnership-liquidation Partnerships 32 HOMEWORK EXERCISE47 ABCD are partners who share profits and losses on a 4:3:2:1 basis, respectively. At the start of the liquidation process

Partnership-liquidation

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Partnerships 32 HOMEWORK EXERCISE47 ABCD are partners who share profits and losses on a 4:3:2:1 basis, respectively. At the start of the liquidation process capital balances were: $60.000 50o 3 27,000 0ce 2 43,000 ,006 | 20,00000co A, Capital. B, Capital.. C, Capital.. D, Capital. Required: If A receives $3,000, determine the amount that C receives

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