The following is the balance sheet of the fellowship. Other Assets $290,000 Accounts Payable $90,000 Zendaya's...

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The following is the balance sheet of the fellowship. Other Assets $290,000 Accounts Payable $90,000 Zendaya's Receivables $15,000 Zendaya's Capital $110,000 Moursh's Capital $105,000 Total Assets $305,000 Total Liabilities $305,000 Zendaya and Moursh share a profit and loss sharing ratio of 55% : 45%. They agreed to liquidate the partnership. If other assets are sold for $310,000. Then how much cash is available to be distributed to the two partners? The following is the balance sheet of the fellowship. Other Assets $290,000 Accounts Payable $90,000 Zendaya's Receivables $15,000 Zendaya's Capital $110,000 Moursh's Capital $105,000 Total Assets $305,000 Total Liabilities $305,000 Zendaya and Moursh share a profit and loss sharing ratio of 55% : 45%. They agreed to liquidate the partnership. If other assets are sold for $310,000. Then how much cash is available to be distributed to the two partners?

Answer rating: 100% (QA)

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