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Business, 03.06.2021 01:00 polarbear3787

RV Partnership has operated for several years. Currently, the partnership has the following account balances: Assets Liabilities Cash $ 100,000 Notes Payable $200,000 Land 200,000 Equity Ritvik, Capital $60,000 Veer, Capital 40,000 Ritvik and Veer share equally in profits and losses. RV Partnership has decided to dissolve their operation. If the land is sold for $100,000, how much will each partner receive in liquidation of their partnership interests

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