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* Your answer is incorrect. Norris, Madson, and Howell have income ratios of 5:3:2 and capital balances of $44,200, $40,300, and $36,400, respectively. Noncash
* Your answer is incorrect. Norris, Madson, and Howell have income ratios of 5:3:2 and capital balances of $44,200, $40,300, and $36,400, respectively. Noncash assets are sold at a gain and allocated to the partners. After creditors are paid, $133,900 of cash is available for distribution to the partners. How much cash should be paid to Madson? Cash $ 40170
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