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How much cash should be distributed to peterson

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Problem 1: In liquidation, balances prior to the distribution of cash to the partners are: Cash $800,000; Peterson, Capital $370,000; Laney, Capital $340,000, and Howell, Capital $90,000. The income ratio is 6:2:2, respectively. How much cash should be distributed to Peterson?
a. $370,000
b. $360,000
c. $420,000
d. $222,000

Reference no: EM132688945

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