ACC 206 - Ashford -Chapter 12 week 1 E12-22 - 91066

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Ray, Scott, and Van are liquidating their partnership. Before selling the assets and paying the liabilities, the capital balances are Ray $33,000; Scott, $28,000; and Van, $19,000. The partnership agreement specifies no division of profits and losses.
Solution Description

Ray capital 33,000

Scott capital 28,000

Van capita

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Chapter_12_week_1_E12-22.docx
Chapter_12_week...