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The balance sheet for the Delphine, Xavier, and Olivier partnership follows: Cash $ 62,880 Noncash assets 108,000 Liabilities Delphine, capital Xavier, capital $ 42,000
The balance sheet for the Delphine, Xavier, and Olivier partnership follows: Cash $ 62,880 Noncash assets 108,000 Liabilities Delphine, capital Xavier, capital $ 42,000 51,840 44,000 Olivier, capital 33,040 Total assets $170,880 Total liabilities and capital $170,880 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 $12,800 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. Complete this question by entering your answers in the tabs below. What is the amount of cash that safely can be paid to partners prior to liquidation of noncash assets? Cash that safely can be paid Required A Required B 2 NO #3 80 4 W E S Required A Required B > 888 < Prev 11 of 14 Next > %5 54 R D MacBook Pro T 66 27 A +00 8 Y U LL F G H ' 9 O O JK
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