-/1 E Question 51 of 82 > View Policies Current Attempt in Progress Partners Karen,...
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-/1 E Question 51 of 82 > View Policies Current Attempt in Progress Partners Karen, Beth, and Cathy have capital account balances of $ 93000 each. The income and loss ratio is 5:2:3, respectively. In the process of liquidating the partnership, noncash assets with a book value of $ 66900 are sold for $29400. The balance of Beth's Capital account after the sale is $72930 585500 $ 101820 568238 Question 54 of 82 View Policies Current Attempt in Progress The liquidation of a partnership O cannot be a voluntary act of the partners. O cannot occur unless all partners approve. O terminates the business. O eliminates those partners with a capital deficiency. Question 56 of 82 - / 1 8 View Policies Current Attempt in Progress Donald, Bob, and Clera are partners, sharing income 2:1:2. After selling all of the assets for cash, dividing gains and losses on realization, and paying liabilities, the balances in the capital accounts are as follows: Donald, $ 9000 Cr; Bob, $ 9000 Cr, and Ciera, $ 29600 Cr. How much cash should be distributed to Donald? $ 9000 $ 5400 $ 18000 $ 15867 -/1 111 Question 57 of 82
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