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Business, 02.12.2019 22:10 alanrojas0142007

The abrams, bartle, and creighton partnership began the process of liquidation with the following balance sheet: cash $ 16,000 liabilities $ 150,000 noncash assets 434,000 abrams, capital 80,000 bartle, capital 90,000 creighton, capital 130,000 total $ 450,000 total $ 450,000 abrams, bartle, and creighton share profits and losses in a ratio of 3: 2: 5. liquidation expenses are expected to be $12,000.
after the liquidation expenses of $12,000 were paid and the noncash assets sold, creighton had a deficit of $8,000. for what amount were the noncash assets sold? show your work.

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