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Cambridge | Accounting 9706 | W 15 3 3 | 1 hour
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1       X and Y were in partnership sharing profits and losses in the ratio of 2 : 1. They agreed to dissolve their partnership.

At 30 September, their capitals were X $172 000 and Y $99 500.

During October they made a trading profit of $19 500, before selling all their net assets for

$285 000, less legal costs of $3000.

How much does each partner receive on the dissolution?

 

X

$

Y

$

A

166 000

96 500

B

179 000

103 000

C

183 000

105 000

D

191 000

109 000

 

b

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