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Before liquidating any assets, the partners determined the amount of cash available for safe payments. How should the amount of safe cash payments be distributed?

a) $18,333 to Henry and $16,667 to Jacobs.

b) In a ratio of 2:4:4 among all the partners.

c) In a ratio of 1:2 between Henry and Jacobs.

d) $15,000 to Henry and $10,000 to Jacobs.

e) $21,667 to Henry and $3,333 to Jacobs

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M971672

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