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Business, 05.05.2020 08:12 robert7248

The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively: Cash $ 62,000 Liabilities $ 61,000 Other assets 162,000 Miller, capital 72,000 Tyson, capital 72,000 Watson, capital 19,000 Total assets $ 224,000 Total liabilities and capital $ 224,000 For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation?

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