Saar, Rivera, and Hinch have capital balances before liquidation of $9,000, $21,000 and $32,000 respectively....
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Saar, Rivera, and Hinch have capital balances before liquidation of $9,000, $21,000 and $32,000 respectively. Cash balance is $37,000 and the partners share losses and gains in a 3:2:1 ratio. All noncash assets with a book value of $25,000 are sold for, a gain on realization of $33,000. Assume that no liabilities are a factor. What will each partner receive in cash in the liquidation process?
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