The following account balances were available for the Perry,Quincy,and Renquist partnership just before it entered liquidation: 
Perry,Quincy,and Renquist had shared profits and losses in a ratio of 2:4:4.Liquidation expenses were expected to be $8,000.
All partners were solvent.What would be the minimum amount for which the noncash assets must have been sold for,in order for Quincy to receive some cash from the liquidation?
A) any amount in excess of $175,000.
B) any amount in excess of $117,000.
C) any amount in excess of $183,000.
D) any amount in excess of $198,667.
E) any amount in excess of $168,333.
Correct Answer:
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