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How much of the available cash for distribution

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Question - DUA and LIPA share earnings in a 60:40 ratio. They have decided to liquidate their partnership. A portion of the assets has been sold but other assets with a carrying amount of $62,000 still must be realized. All liabilities have been paid, and cash of $28,000 is available for distribution to partners. The capital accounts show balances of $90,000 for Aguilar and $55,000 for Bernardo. How much of the available cash for distribution should be given to DUA?

Reference no: EM132799204

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