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The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds cash of $20,900 but no other assets. Liabilities amount to $43,900.
The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds cash of $20,900 but no other assets. Liabilities amount to $43,900. The capital balances are Anderson (40% of profits and losses) Berry (205) Hammond (20%) Winwood (20%) $ 38,000 17,000 (35,000) (deficit) (43,000) (deficit) o. If both Hammond and Winwood are personally insolvent, how much money must Berry contribute to this partnership? b-1. If only Winwood is personally insolvent, how much money must Hammond contribute to the partnership? b-2. If only Winwood is personally insolvent, how will Hammond's contribution (unds) be disbursed? c. If only Hammond is personally insolvent how much money should Anderson receive from the liquidation? {For all requirements, do not round Intermediate calculations. Round your answers to the nearest whole dollar amount.) Berry's contribution Hammonds contribution 2
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