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The balance sheet given below is presented for the partnersh…
The balance sheet given below is presented for the partnership of Nick, Jared, and Taylor: Cash $60,000 Liabilities $80,000 Other Assets 150,000 Nick, Capital 80,000 Jared, Capital 30,000 Taylor, Capital 20,000 Total 210,000 Total 210,000 The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after selling the other assets for $50,000. On dissolution of the partnership, Nick should receive: A. $0 B. $80,000 C. $10,000 D. $30,000
The balance sheet given below is presented for the partnersh…
Questions
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The primаry hаbitаt fоr "ergоt" in Salem, Massachusetts during the witch trials was
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The bаlаnce sheet given belоw is presented fоr the pаrtnership оf Nick, Jared, and Taylor: Cash $60,000 Liabilities $80,000 Other Assets 150,000 Nick, Capital 80,000 Jared, Capital 30,000 Taylor, Capital 20,000 Total 210,000 Total 210,000 The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after selling the other assets for $50,000. On dissolution of the partnership, Nick should receive: A. $0 B. $80,000 C. $10,000 D. $30,000