A partnership has the following balance sheet

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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? 

    • 12 years ago
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    A partnership has the following balance sheet
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