How much cash will allan receive, Financial Accounting

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How much cash will allan receive

Problem

After selling the noncash assets and paying the liabilities, ABC Company has $46,000 in cash, and the capital balances are: Allen $25,000, Bart $30,000 and Cindy ($9,000). The partners' profit and loss ratio is 3:2:4. Cindy is unable to pay what she owes. How much cash will Allan receive?

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Financial Accounting: How much cash will allan receive

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Financial Accounting: How much cash will allan receive

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