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Determine how much gunselman must get

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Question - The partners of LR Company have decided to liquidate their business. Noncash assets were sold for $125,000. The income or losses ratios of the partners Cisneros, Gunselman, and Forren are 5:3:2, respectively.

Cash: 15,000

Building: 40,000

Land: 50,000

Accounts Payable: 66,000

Cisneros Capital: 20,000

Gunselman Capital: 32,000

Forren Capital: (13,000)

Determine how much Gunselman must get from absorbing Forren's capital deficiency.

Reference no: EM132905275

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