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Ans:
| Nixon | Cleveland | Pierce | |
| Safe payments | $8,000 | $4,800 | $3,200 |
Workings: In case of liquidation of partnership firm, any gain or loss from the liquidation are shared among the partners in "profit-sharing ratio".
In this case, the profit-sharing ratio is 50%:30%:20%. (for Nixon, Cleveland and Pierce)
Hence,
Share of profit for Nixon: ($16,000 x 50%) = $8,000.
Share of profit for Cleveland: ($16,000 x 30%) = $4,800.
Share of profit for Pierce: ($16,000 x 20%) = $3,200.
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