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Find how much cash would be paid to which partner

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Reference no: EM132755028

The ABC Partnership has the following capital balances and profit/loss sharing percentages:

Partner    Capital        Profit/loss%

A            300,000           25%

B            350,000           35%

C            500,000          40%

Problem 1) Assume the partnership has $50,000 in cash, $1,130,000 in non-cash assets, and $30,000 in liabilities. They wish to hold back an additional $10,000 for unforeseen expenses. How much cash would be paid to which partner?

Reference no: EM132755028

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