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Use the following account balance information for Granobfin Partnership with income ratios of 2:4:4 for Granger, Noble, and Finn, respectively. $ 53900 Assets Cash Accounts
Use the following account balance information for Granobfin Partnership with income ratios of 2:4:4 for Granger, Noble, and Finn, respectively. $ 53900 Assets Cash Accounts receivable Inventory Liabilities and Owner's Equity Accounts payable $ 125900 Granger, Capital 138800 Noble, Capital 47700 Finn, Capital 312500 $624900 132200 438800 $624900 Assume that, as part of liquidation proceedings, Granobfin sells its noncash assets for $509000. The amount of cash that would ultimately be distributed to Finn would be O $287700. O $517100. $312500. $203600
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