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Partners Ana, Beth, and Cathy have capital account balances of $84000 each. The income and loss ratio is 5:2:3, respectively. In the process of liquidating the partnership, noncash assets with a book value of $65400 are sold for $29100. The balance of Beth's Capital account after the sale is O $64380. O $66708. O $76740. $92730.

Partners Ana, Beth, and Cathy have capital account balances of $84000 each. The income and loss ratio is 5:2:3, respectively. In the process of liquidating the partnership, noncash assets with a book value of $65400 are sold for $29100. The balance of Beth's Capital account after the sale is O $64380. O $66708. O $76740. $92730.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Partners Ana, Beth, and Cathy have capital account balances of $84000 each. The income and loss ratio is 5:2:3, respectively. In the process of liquidating the partnership, noncash assets with a book value of $65400 are sold for $29100. The balance of Beth's Capital account after the sale is $64380. O $66708. O $76740. $92730.
Transcribed Image Text:Partners Ana, Beth, and Cathy have capital account balances of $84000 each. The income and loss ratio is 5:2:3, respectively. In the process of liquidating the partnership, noncash assets with a book value of $65400 are sold for $29100. The balance of Beth's Capital account after the sale is $64380. O $66708. O $76740. $92730.
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