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Business, 24.04.2020 20:16 hskdbdjd

The Drysdale, Koufax, and Marichal partnership has the following balance sheet immediately prior to liquidation: Cash $ 44,000 Liabilities $ 44,500 Noncash assets 244,000 Drysdale, loan 27,500 Drysdale, capital (50%) 82,000 Koufax, capital (30%) 72,000 Marichal, capital (20%) 62,000 Liquidation expenses are estimated to be $23,000. Prepare a predistribution schedule to guide the distribution of cash. Assume that assets costing $82,000 are sold for $64,000. How is the available cash to be divided

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