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How much cash will mom receive

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Problem 1: Mom, Bob and Gag are partners with capital balances of $320,000, $450,000 and $520,000 respectively with profit and loss sharing ratio of 2:3:5 respectively. The entity owes Bob $20,000. Upon liquidation, $390,000 is available for distribution to the partners. How much cash will Mom receive?

Option 1: 78,000

Option 2: 136,000

Option 3: 258,000

Option 4: 320,000

Reference no: EM132934108

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