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How much cash must sadak now contribute to the partnership

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A partnership has liquidated all assets but still reports the following account balances:

  • Beck, loan$6,500 Cisneros, capital (40%) 4,200 Beck, capital (20%) (12,400)(deficit)Sadak, capital (10%) (8,400)(deficit)Emerson, capital (20%) 14,500 Page, capital (10%) (6,400)(deficit)

The partners split profits and losses as follows:

Cisneros, 40 percent;

Beck, 20 percent; Sadak, 10 percent;

Emerson, 20 percent; and Page 10 percent.

Question 1: Assuming that all partners are personally insolvent except for Sadak and Emerson, how much cash must Sadak now contribute to this partnership?

Reference no: EM132471549

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