How much will each partner receive, Accounting Basics

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How much will each partner receive

A partnership has the following balance sheet
Assets 700000
Liab 480000
Capital 220000
The Capital balances are:
H (50% P&L) 150000
Ma (30%) 69000
MF (20%) 1000
The partnership liquidates and pays off all debts in addition $50,000 becomes available for the partners. How much will each partner receive of the $50,000?

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Accounting Basics: How much will each partner receive

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Accounting Basics: How much will each partner receive

Reference No:- TGS041325

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculation by using the flow-to-equity approach

Q : Annual reports to defend their position

Q : Determining the interest tax shield each year

Q : How much to owe citizens bank in nominal terms

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much will each partner receive

Reference No:- TGS041325

Recent Questions Asked Accounting Basics

Q : Calculation by using the flow-to-equity approach

Q : Annual reports to defend their position

Q : Determining the interest tax shield each year

Q : How much to owe citizens bank in nominal terms

Q : How much will each partner receive

Q : Determining the new-project analysis

Q : Find the market equilibrium quantity of brishels

Q : Draw a physical data flow diagram

Q : Investment opportunity or cost of action

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