How much money must the other assets be sold

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The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively:

Cash$46,000

Liabilities$50,000

Other assets 146,000

Miller, capital 63,000

Tyson, capital 63,000

Watson, capital 16,000

Total assets$192,000

Total liabilities and capital$192,000

Question 1: For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation?

Reference no: EM132576103

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