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The following condensed balance sheet is for the partnership of Ludolf, Sambal, and Urad, who share profits and losses in the ratio of 6:2:2, respectively: Cash$ 41,000Liabilities$ 29,000 Other assets101,000Ludolf, capital51,000 Sambal, capital51,000 Urad, capital11,000 Total assets$ 142,000Total liabilities and capital$ 142,000 Required: Assuming no liquidation expenses, calculate the safe payments that can be made to partners at this point in time. For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation?
Sagot :
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