On the basis of the following data, how much final payment will be made to a
partner on firm's dissolution? Credit balance of capital account of the partner
was 50,000. Share of loss on realization amounted to 10,000. Firm's liability
taken over by him was for 8,000
(a) 32,000
(b)52,000
(c)48,000
(d)40,000
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Explanation:
ANSWER IS .... (A) 32,000
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