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Question
Adriana and Belen are partners who share income in the ratio of 3:2 and have capital balances of $50,000 and $90,000, respectively, at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $90,000. How much cash should be distributed to Adriana?
a. $50,000
b. $20,000
c. $30,000
d. $45,000
Answer
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