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The following account balances were available for the Tasty, Mac, and Cheese partnership just before it entered liquidation: Cash 90,000 Libilities 170.000 Moncash Assets 300,000
The following account balances were available for the Tasty, Mac, and Cheese partnership just before it entered liquidation: Cash 90,000 Libilities 170.000 Moncash Assets 300,000 Tasty Catal 7000 MicCapital 50.000 Cheese Capital 100.000 Tot 990.000 TO 290,000 Included in Tasty's capital balance is a $20.000 partnership loan owed to Tasty, Tasty, Mac, and Cheese shared profits and losses in a ratio of 2:44 Liquidation expenses were expected to be $15,000. All partners were solvent What would be the minimum amount for which the noncash assets must have been sold in order tor Mac to receive some cash from the liquidation? 15 points)
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