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The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively:

The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively:

The following condensed balance sheet is for the partnership of

For how much money must the other assets be sold so that each partner receives some amount of cash in aliquidation?

$ 42,000 69,000 69,000 20,000 Cash Other assets.... 50,000 Liabilities 150,000 Miller capital Tyson, capital Watson, capital $200,000 Total assets $200,000 Total liabilities and capital

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