The cash distributed to Partner Z before the other partners is <em>$60,000.</em>
Data and Calculations:
Book value of assets = $320,000
Fair value of asset = $70,000
X Y Z Total
Capital balances $80,000 $180,000 $60,000 $320,000
Total assets available for distribution $390,000
Assets assumed by Z ($70,000) ($70,000)
Balance $320,000
Distribution to partners $80,000 $180,00 $60,000 $320,000
Cash distribution to partners depends on the cash realized from the assets.
Thus, the cash distributed to Partner Z before the other partners is<em> $60,000.</em>
Learn more about cash distributions to partners upon a partnership liquidation here: brainly.com/question/22693552