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What is the distribution of cash to the partners

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Reference no: EM133085224

Question - The Zhuzer Company at December 31 has cash $57,000, noncash assets $248,000, liabilities $136,500, and the following capital balances: Zhu $110,500 and Zerkel $58,000. The firm is liquidated, and $270,000 in cash is received for the noncash assets. Zhu and Zerkel income ratios are 60% and 40%, respectively. What is the distribution of Cash to the partners?

Reference no: EM133085224

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