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what amount of the loss would have been allocated to Bach

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Question - The ABC partnership began the process of liquidation with the following balance sheet. Cash $16,000.

Other assets $434,000

Liabilities $150,000

Apple cap $80,000

Bach cap $90,000,

Crier cap $130,000.

ABC share profits and losses in a ratio of 3:2:5. If the other assets were sold for $234,000, what amount of the loss would have been allocated to Bach?

a. $42,400

b. $46,800

c. $43,200

d. $40,000

e. $43,100

Reference no: EM132525155

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