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Business, 30.03.2020 23:48 alyssatamayo641

Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4. Before liquidating any assets, the partners determined the amount of safe cash and distributed it. The noncash assets were then sold for $120,000, and the liquidation expenses of $10,000 were paid. How much of the $120,000 would be distributed to Henry?

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Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses i...
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