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please provide answers in table format as shown Bracken, Louden, and Menser, who share profits and losses in a ratlo of 4:3:3, respectlvely, are partners
please provide answers in table format as shown
Bracken, Louden, and Menser, who share profits and losses in a ratlo of 4:3:3, respectlvely, are partners in a home decorating business that has not been able to generate the Income the partners had hoped for. They have decided to llquldate the business and have sold all assets except for their decorating equipment. All partnership liabilities have been settled and all the partners are personally Insolvent. The decorating equipment has a book value of $60,000, and the partners have capital account balances as follows: Requlred: Determine the amount of cash each partner will recelve as a liquidating distribution If the decorating equipment is sold for the amount stated in each of the following independent cases: Note: Do not round Intermedlate calculations. a. $45,000 b. $31,500 c. $10,500 Complete this question by entering your answers in the tabs below. $45,000 Complete this question by entering your answers in the tabs below. $31,500 Complete this question by entering your answers in the tabs below. $10,500Step by Step Solution
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