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Mathematics, 03.06.2021 01:50 cpadoc7567

Kate, Sue, and Tina formed a partnership with income-sharing ratios of 50%, 30%, and 20%, respectively. Cash of $180,000 was available after the partnership’s assets were

liquidated. Prior to the final distribution of cash, Kate’s capital balance was $200,000,

Sue’s capital balance was $150,000, and Tina had a capital deficiency of $50,000. Based

upon a cash payments schedule, Kate should receive

a. $175,000.

b. $168,750.

c. $131,250.

d. $200,000.

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