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The following condensed balance sheet is for the partnership of Andrews, Carroll, and Murray, who share profits and losses in the ratio of 6:2:2, respectively.
The following condensed balance sheet is for the partnership of Andrews, Carroll, and Murray, who share profits and losses in the ratio of 6:2:2, respectively. Which partner is most vulnerable to a loss? A) Andrews B) Carroll C) Andrews and Carroll are equally vulnerable D) Murray E) Andrews and Murray are equally vulnerable If the other assets are sold for $100,000, how should the available cash be distributed
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