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What sandra eventually will receive cash of

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Problem 1: Partners Ron and Sandra have $6,000 capital balances and share income and losses in a 2:1 ratio, respectively. Cash equals $2,000, noncash assets are $20,000, and liabilities are $10,000. If all the noncash assets are sold for $11,000, and each partner agrees to make up any capital deficits with personal cash contributions, Sandra eventually will receive cash of:

a) $0.

b) $1,000.

c) $1,500.

d) $2,000.

Reference no: EM132829301

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