Business, 15.02.2021 20:50, ohgeezy

Assuming that the balance sheet of BG Land Development is as follows: Assets Liabilities and Capital
Cash $20,000 Accounts payable $80,000
Non-cash assets 200,000 Mitchell, Loan 10,000
Matthews, capital 50,000
Mitchell, capital 66,000
Michaels, capital 14,000
Total assets $220,000 Total Liab. and capital $220,000
Required:
If partners are to receive the final payment in a lump-sum, when BG Land Development is liquidated, Matthews receives $___, Mitchell receives $, Michaels receives $.

Answers: 1

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Assuming that the balance sheet of BG Land Development is as follows: Assets Liabilities and Capita...