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TWO (EASY) The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances: CASH 90000 LIABILITIES 60000 NON CASH ASSETS
TWO (EASY) The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances: CASH 90000 LIABILITIES 60000 NON CASH ASSETS 300000 80000 110000 140000 TOTALS 390000 TOTALS 390000 Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4. What amount of safe cash was available, based on the above information
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