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The following condensed balance sheet is presented for the partnership of Alfa and Beda, who share profits and losses in the ratio of 60:40, respectively
The following condensed balance sheet is presented for the partnership of Alfa and Beda, who share profits and losses in the ratio of 60:40, respectively Cash $ 45,000 Other assets 625.000 Beda, loan 30,000 $700,000 Accounts payable 120,000 Alfa, capital 348,000 Beda, capital 232,000 $700,000 Instead of admitting a new partner, Alfa and Beda decide to liquidate the partnership. If the other assets are sold for $500,000, what amount of the available cash should be distributed to Alfa
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