Mathematics, 19.10.2019 04:30 128585
The balance sheet of morgan and rockwell was as follows immediately prior to the partnership's being liquidated: cash, $20,000; other assets, $160,000; liabilities, $40,000; morgan capital, $60,000; rockwell capital, $80,000. the other assets were sold for $139,000. morgan and rockwell share profits and losses in a 2: 1 ratio. as a final cash distribution from the liquidation, morgan will receive cash totaling show !
a. $51,000
b. $46,000
c. $60,000
d. $49,500
Answers: 1
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The balance sheet of morgan and rockwell was as follows immediately prior to the partnership's being...
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