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Who is the partner to receive the first available cash

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A, B, and C share profits in 5:3:2 ratio. Their capital prior to liquidation (which is expected to result in substantial gains) are as follows:

A P 18,000

B P 27,000

C P 3,000

Problem 1: The partners wish to distribute cash as it becomes available so that the capital accounts may be brought into the profit and loss ratio as rapidly as possible. Who is the partner to receive the first available cash and up to how much?

Reference no: EM132760862

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