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The Henry,Isaac,and Jacobs Partnership Was About to Enter Liquidation with the Following

Question 3

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The Henry,Isaac,and Jacobs partnership was about to enter liquidation with the following account balances: The Henry,Isaac,and Jacobs partnership was about to enter liquidation with the following account balances:   Estimated expenses of liquidation were $5,000.Henry,Isaac,and Jacobs shared profits and losses in a ratio of 2:4:4. Before liquidating any assets,the partners determined the amount of cash available for safe payments.How should the cash be distributed? A) in a ratio of 1:2:2 among the partners. B) $18,333 to Henry and $16,667 to Jacobs. C) in a ratio of 1:2 between Henry and Jacobs. D) $15,000 to Henry and $10,000 to Jacobs. E) $11,364 to Henry and $13,636 to Jacobs.
Estimated expenses of liquidation were $5,000.Henry,Isaac,and Jacobs shared profits and losses in a ratio of 2:4:4.
Before liquidating any assets,the partners determined the amount of cash available for safe payments.How should the cash be distributed?


A) in a ratio of 1:2:2 among the partners.
B) $18,333 to Henry and $16,667 to Jacobs.
C) in a ratio of 1:2 between Henry and Jacobs.
D) $15,000 to Henry and $10,000 to Jacobs.
E) $11,364 to Henry and $13,636 to Jacobs.

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