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Question: distribution of cash upon liquidation david oliver and umar ansari...

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Distribution of Cash Upon Liquidation David Oliver and Umar Ansari, with capital balances of $56,000 and $76,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying the iabilities, there is $165,000 of cash remaining. If the partners share income and losses equally, how should the cash be distributed? If an amount is zero, enter in 0. Oliver and Ansari Distribution of Cash Oliver Ansari Total 132,000 Capital balances before realization 56,000 Division of gain on realization Capital baances after realization Cash distributed to partners Final balances 76,000

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