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The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively:

The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively:

Cash $ 65,000 Liabilities $ 43,000
Other assets 162,000 Miller, capital 81,000
Tyson, capital 81,000
Watson, capital 22,000
Total assets $ 227,000 Total liabilities and capital $ 227,000

a. Assuming no liquidation expenses, calculate the safe payments that can be made to partners at this point in time.

Assuming no liquidation expenses, calculate the safe payments that can be made to partners at this point in time.

Miller Tyson Watson
Safe payments

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