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How much is the safe payment

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Question - XYZ Partnership begins the liquidation process with the following balance sheet and profit and loss percentages:

Cash 300,000

Noncash Assets 200,000

Liabilities 125,000

X Capital (50%) 100,000

Y Capital (30%) 150,000

Z Capital (20%) 125,000

Liquidation expenses are estimated at $80,000. Assume any deficit in a partner's capital balance will not be repaid.

How much is the safe payment that can be made to the partners: (hint: must do a proposed schedule of liquidation).

Reference no: EM132542439

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