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Please show answers as shown in picture! Thank you :) Return to questa 6 The balance sheet for the Delphine, Xavier, and Olivier partnership follows:
Please show answers as shown in picture! Thank you :)
Return to questa 6 The balance sheet for the Delphine, Xavier, and Olivier partnership follows: Cash Noncash assets $ 67,200 120,000 pints Liabilities Delphine, capital Xavier, capital Olivier, capital Total liabilities and capital $ 45,000 56,400 50, eee 35,800 $ 187,200 Total assets $ 187,200 Delphine. Xavier, and Olivier share profits and losses in the ratio of 3:4:3, respectively. The partners have agreed to terminate the business and estimate that $14.000 in liquidation expenses will be incurred. a. What is the amount of cash that safely can be paid to partners prior to liquidation of noncash assets? b. Calculate the amount of safe payment that can be made to each partner prior to liquidation of noncash assets. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the amount of safe payment that can be made to each partner prior to liquidation of noncash assets. Delphine Xavier Olivier Safe payments 38,460 XS 51,280 38,480 X ISStep by Step Solution
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