Assume Fleet contributes the capital deficiency. How much cash is available to distribute to the partners?
A partnership is liquidating. The partners share profits and losses equally. After liquidating the assets and paying the liabilities, the partners' capital accounts are as follows:
A) $41,000
B) $57,000
C) $68,000
D) $79,000
C) $68,000
$41,000 + $27,000 = $68,000
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