Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realization, their capital balances are $6,000 and $4,000, respectively. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $8,000.After minusing the losess of 1000 from each capital balance how woud the remaing cash be distributed?
RECOMMENDED!!ACG 2011-Hewitt and Patel are partners, sharing gains
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