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Q12 Betty, Annie, and Tammy formed a partnership with income-sharing ratios of 50%,30%, and 20%, respectively. Cash of $294000 was available after the partnership's assets
Q12
Betty, Annie, and Tammy formed a partnership with income-sharing ratios of 50%,30%, and 20%, respectively. Cash of $294000 was available after the partnership's assets were liquidated. Prior to the final distribution of cash, Betty's capital balance was $202000, Annie's capital balance was $151000, and Tammy had a capital deficiency of $59000. Assuming Tammy contributes cash to match her capital deficiency, Betty should receive cash of $128875.$165125.$172500.$202000Step by Step Solution
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