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Business, 23.06.2019 02:00 mmaglaya1

Mikheil, kawuan, and hayes are partners with a profit and loss ratio of 4: 4: 2. the partnership was liquidated and, prior to the liquidation process, the partnership balance sheet was as follows: assetscash $105,000non-cash $745,000total assets $850,000liabilities & equitymikheil, capital $240,000kawuan, capital $150,000hayes, capital $10,000total liabilities & equities $850,000after the partnership was liquidated and the cash was distributed, kawuan received $140,000 in cash in full settlement of his interest. the liquidation loss must have been: select one: a. $480,000b. $120,000c. $150,000d. cannot be computed from the given information

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Mikheil, kawuan, and hayes are partners with a profit and loss ratio of 4: 4: 2. the partnership was...
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