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Q In liquidation, balances prior to the distribution of cash to the partners are: Cash $205400; Matthew, Capital $112100; Stengel, Capital $104200, and King, Capital
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In liquidation, balances prior to the distribution of cash to the partners are: Cash $205400; Matthew, Capital $112100; Stengel, Capital $104200, and King, Capital $10900 deficiency. The income ratio is 6:2:2, respectively. How much cash should be distributed to Stengel if King does not pay his deficiency? $104200$101475$98750$96025Step by Step Solution
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