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P15-12 0 Saved Help A partnership has the following account balances: Cash, $71,000; Other Assets, $545,000; Liabilities, $285,000; Nixon (50 percent of
profits and losses), $160,000; Cleveland (30 percent), $100,000; Pierce (20 percent), $71,000. The company liquidates, and $9,000 becomes available to the partners. Who gets the $9,000? Determine how much of this amount should be distributed to each partner.
10 (Do not round intermediate calculations.)
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Subject: Accounting, Business

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