Sell to a partner or liquidate partnership. Jacobs, a client of yours, is a partner in a retail establishment that has been experiencing difficult times. Shortly after deciding to liquidate the partnership, partner Williams offers to buy out the interests of the other partners. Jacobs is trying to decide whether it would be best for her to liquidate them partnership or accept the offer to sell her interest.
Prior to liquidation, the partnership has the following condensed balance sheet:
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