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What amount of cash will each partner receive

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Problem 1: Kathryn, Mathilda, and Patricia are partners with capital balances of $430,000, $520,000 and $470,000 respectively with profit and loss sharing ratio of 2:3:5 respectively. The firm owes Kathryn $50,000. Upon liquidation, $450,000 is available for distribution to the partners. What amount of cash will each partner receive?

Reference no: EM132936035

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