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Please answer only if you are 100%sure. show to calculation properly. Thank you 10. XYZ Partnership begins the liquidation process with the following balance sheet
Please answer only if you are 100%sure. show to calculation properly. Thank you
10. XYZ Partnership begins the liquidation process with the following balance sheet and profit and loss percentages: Cash Noncash Assets Liabilities X Capital (50%) Y Capital (30%) Z Capital (20%) 300,000 200,000 125,000 100,000 150,000 125,000 Liquidation expenses are estimated at $80,000. Assume any deficit in a partner's capital balance will not be repaid. How much is the safe payment that can be made to the partners: (hint: prepare a proposed schedule of liquidation). Partner X safe payment: $ Partner Y safe payment: $ Partner Z safe payment: $ Step by Step Solution
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