Solution-How much cash should be paid to kent

How much cash should be paid to kent

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Reference no: EM13512509

Jane, Kent, and Tracy have income ratios of 5 :3 :2 and capital balances of $34,000, $31,000, and $28,000, respectively. Noncash assets are sold at a gain. After creditors are paid, $119,000 of cash is available for distribution to the partners. How much cash should be paid to Kent?

Reference no: EM13512509

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How much cash should be paid to kent : Jane, Kent, and Tracy have income ratios of 5 :3 :2 and capital balances of $34,000, $31,000, and $28,000, respectively. Noncash assets are sold at a gain. After creditors are paid, $119,000 of cash is available for distribution to the partners. ..

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How much cash should be paid to kent

Reference no: EM13512509

Reference no: EM13512509

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