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Which partner should receive the cash distribution

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Question - The balance sheet for the Delphine, Xavier, and Olivier partnership follows:

Cash 71,520

Liabilities 48,000

Noncash assets 132,000

Delphine, capital 60,960

Xavier, capital 56,000

Olivier, capital 38,560

Total assets 203,520

Total liabilities and capital 203,520

Delphine, Xavier, and Olivier share profits and losses in the ratio of 3:4:3, respectively. The partners have agreed to terminate the business and estimate that $15,200 in liquidation expenses will be incurred.

Which partner should receive the cash distribution?

Reference no: EM132225905

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