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Question - ABC Partnership have the following balances before liquidation:
Cash 250,000 Accounts payable 50,000
Non-cash assets 500,000 A, loan 10,000
A, Capital (45%) 190,000
B, Capital (40%) 350,000
C, Capital (15%) 150,000
If all the partners are insolvent and the non-cash assets were sold at P 50,000, How much did C absorb in the capital deficiency of the deficient partner?
Funds available for graduate school $ b. You plan to work on a master's and perhaps a PhD. If graduate school costs $26,660 per year, approximately how long will you be able to stay in school based on these funds?
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