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QUESTION 3 The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds cash of $20,000 but no other assets. Liabilities amount

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QUESTION 3 The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds cash of $20,000 but no other assets. Liabilities amount to $30,000. The capital balances are $ 20,000 12,000 (17,000) (deficit) (25,000) (deficit) Anderson (40% of profits and losses) Berry (30%) Hammond (20%) Winwood (10%) a. If both Hammond and Winwood are personally insolvent, how much money must Berry contribute to this partnership? b. If only Winwood is personally insolvent, how much money must Hammond contribute to the partnership? How will these funds be disbursed

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