Question: The balance sheet given below is presented for the partnership of Janet, Anton, and Millet: Cash $60,000 Liabilities $80,000 Other Assets 150,000 Janet, Capital 80,000

 The balance sheet given below is presented for the partnership of

The balance sheet given below is presented for the partnership of Janet, Anton, and Millet: Cash $60,000 Liabilities $80,000 Other Assets 150,000 Janet, Capital 80,000 Anton, Capital 30.000 Millet, Capital 20,000 Total 210,000 Total 210,000 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: O $0. O $30,000. O $10,000 O $80,000

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