Abrams bartle and creighton share profits and losses in a, Ask an Expert

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Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expense is expected to be $12,000. After the liquidation of $12,000 were paid and noncash assets were sold, Creighton had a deficit of $8,000. For what amount were the noncash assets sold?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M967379

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