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In Liquidation Balances Prior to the Distribution of Cash to the Partners

Question 152

Multiple Choice

In liquidation balances prior to the distribution of cash to the partners are: Cash $240000; Paley Capital $112000; Stengel Capital $104000 and King Capital $24000. The income ratio is 6:2:2 respectively. How much cash should be distributed to Paley?


A) $100000
B) $104000
C) $112000
D) $120000

Correct Answer:

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