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urgent Current Attempt in Progress The partners' profit and loss sharing ratio is 2:3:5, respectively. W, O, AND C PARTNERSHIP Balance Sheet December 31, 2021
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Current Attempt in Progress The partners' profit and loss sharing ratio is 2:3:5, respectively. W, O, AND C PARTNERSHIP Balance Sheet December 31, 2021 Assets Liabilities and Partners' Equity Cash $36000 Liabilities $40900 Equipment 93200 W, Capital 30500 Accum.dep.-equipment (15200) o, Capital 25900 C, Capital 16700 Total $114000 Total $114000 If the W, O, and C Partnership is liquidated by selling the equipment for $45600 and creditors are paid in full, what is the amount of cash that can be safely distributed to each partner? O W, $8180; 0, $12270; C, $20450 O W, $30500; 0, $25900; C, $16700 OW, $24020; 0, $16180; C, $500 OW, $9120; 0, $13680; C. $22800Step by Step Solution
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