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The Abrams, Bartle, and Creighton Partnership Began the Process of Liquidation

question 67

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The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet:   Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $12,000. If the noncash assets were sold for $234,000, what amount of the loss would have been allocated to Bartle? A) $43,200. B) $46,800. C) $40,000. D) $42,400. E) $43,100. Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $12,000. If the noncash assets were sold for $234,000, what amount of the loss would have been allocated to Bartle?


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