The balance sheet of Ryan and Peter firm as on December 31, 2017, is given below. Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership with immediate effect. After completing all the liquidation procedures (assuming all assets and liabilities were liquidated at book value), the business is left with $35,000 cash. As a result, Ryan will receive ________.

Question

The balance sheet of Ryan and Peter firm as on December 31, 2017, is given below.  Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership with immediate effect. After completing all the liquidation procedures (assuming all assets and liabilities were liquidated at book value), the business is left with $35,000 cash. As a result, Ryan will receive ________.

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The Answer of The balance sheet of Ryan and Peter firm as on December 31, 2017, is given below.  Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership with immediate effect. After completing all the liquidation procedures (assuming all assets and liabilities were liquidated at book value), the business is left with $35,000 cash. As a result, Ryan will receive ________.

The Balance Sheet of Ryan and Peter Firm as on December