B. Capital balances of partners after exhausting their non-cash assets are as follows: A U B R 0 (20%) (10%) (10%) (10%) 1 (20%) (10%) 35,000 10,000 N (20%) (54,000) 20,000 (66,000) (12.000) (40,000) 4. Partners R, I, O, and U are personally solvent. How much cash must O contribute to the partnership?
B. Capital balances of partners after exhausting their non-cash assets are as follows: A U B R 0 (20%) (10%) (10%) (10%) 1 (20%) (10%) 35,000 10,000 N (20%) (54,000) 20,000 (66,000) (12.000) (40,000) 4. Partners R, I, O, and U are personally solvent. How much cash must O contribute to the partnership?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:B. Capital balances of partners after exhausting their non-cash assets are as
follows:
A
U
B
R
0
(20%)
(10%) (10%) (10%)
1
(20%) (10%)
35,000 10,000
N
(20%)
(54,000) 20,000 (66,000) (12.000)
(40,000)
4. Partners R, I, O, and U are personally solvent. How
much cash must O contribute to the partnership?
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