Note: This is a Kaplan CPA Review Question
The following condensed balance sheet is presented for the partnership of Cooke, Dorry, and Evans who share profits and losses in the ratio of 4:3:3, respectively: 
Assume that the partners decide to liquidate the partnership. If the other assets are sold for $600,000, how much of the available cash should be distributed to Cooke?
A) $212,000
B) $170,000
C) $182,000
D) $300,000
Correct Answer:
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