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Assume a partnership has assets with a book value of $500,000 and a market value of $450,000.Outside liabilities of $100,000, loans payable to Partner A of $30,000 and capital balances of A $200,000, B $180,000 and C $150,000.How much would Partner A receive on liquidation of the partnership assuming partnership profit and loss is allocated equally
bone
A dense, hard connective tissue composing the skeleton of most vertebrates, providing structure and protecting organs.
Osteoblast
A type of cell responsible for bone formation.
Bone
A rigid organ that constitutes part of the vertebrate skeleton, providing structural support, protecting various organs, and harboring bone marrow.
Fibroblast
A type of cell found in connective tissue, which secretes collagen and other fibers, playing a critical role in wound healing and tissue repair.
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