David oliver and umar ansari with capital balances of 28000

Reference no: EM13584318

David Oliver and Umar Ansari, with capital balances of $28,000 and $35,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying the liabilities, there is $67,000 of cash remaining. If the partners share income and losses equally, how should the cash be distributed?

Reference no: EM13584318

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