Question: Writing Assignment Directions: Be sure to save an electronic copy of your answer before submitt it to Ashworth College for grading. Unless otherwise stated, answer
Writing Assignment Directions: Be sure to save an electronic copy of your answer before submitt it to Ashworth College for grading. Unless otherwise stated, answer in compl sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages in length; refer to the "Assignment Format! located in the Introduction o this learning guide for specific format requirements. Part A (15 points each for a possible total of 30 points) After several years of business, Abel, Barney, and Cole are liquidating. The following are post-closing account balances. 1. Cash Inventory Other assets 18,000 73,000 157,000 Accounts Payable Abel, Capital Bamey, Capital Cole, Capital 61,000 50,000 50,000 87,000 Non-cash assets are sold for $275,000. Profits and losses are shared equally After all liabilities are paid, divide the remaining cash amongst the partners
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