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The Balance Sheet Given Below Is Presented for the Partnership

Question 8

Multiple Choice

The balance sheet given below is presented for the partnership of Janet,Anton,and Millet:
The balance sheet given below is presented for the partnership of Janet,Anton,and Millet:   The partners share profits and losses in the ratio of 5:3:2,respectively.The partners agreed to dissolve the partnership after selling the other assets for $50,000.On dissolution of the partnership,Janet should receive: A) $0. B) $80,000. C) $10,000. D) $30,000.
The partners share profits and losses in the ratio of 5:3:2,respectively.The partners agreed to dissolve the partnership after selling the other assets for $50,000.On dissolution of the partnership,Janet should receive:


A) $0.
B) $80,000.
C) $10,000.
D) $30,000.

Correct Answer:

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