ACC 407 Week 1 Assignment Partnership Problems

May 8th, 2015
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ACC 407 Week 1 Assignment Partnership Problems

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E16-8 Cash Distribution PlanAdams, peters, and Blake share Profits and losses for their APB Partnership in a ratio of 2:3:5.When they decide to liquidate, the balance sheet is as follows:Assets Liabilities and EquitiesCash $40,000 Liabilities $50,000 Adams, Loan10,000Adams, Capital55,

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