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The ABC partnership began the process of liquidation with the following balance sheet. Cash $16,000 Other assets $434,000 Liabilities $150,000 Apple cap $80,000 Bach cap
The ABC partnership began the process of liquidation with the following balance sheet. Cash $16,000 Other assets $434,000 Liabilities $150,000 Apple cap $80,000 Bach cap $90,000 , Crier cap $130,000. ABC share profits and losses in a ratio of 3:2:5. If the other assets were sold for $234,000,
what amount of the loss would have been allocated to Bach?
Select one: a. $40,000 b. $42,400 c. $43,200 d. $43,100 e. $46,800
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