Partnerships A, B, and C are liquidated and the partnership books show the following balance sheet: Cash $ 50,000 Accounts Payable $ 45,000 Inventory $ 70,000 Capital A $ 25,000 Capital B $ 30,000...

Partnerships A, B, and C are liquidated and the partnership books show the following balance<br>sheet:<br>Cash<br>$ 50,000<br>Accounts Payable<br>$ 45,000<br>Inventory<br>$ 70,000<br>Capital A<br>$ 25,000<br>Capital B<br>$ 30,000<br>Сapital C<br>$ 20,000<br>Total Assets<br>$120,000<br>Total Liabilities<br>$120,000<br>The ratio is as follows A 45%, B 30%, C 25%. If the available cash is distributed immediately, how<br>much does each partner earn?<br>

Extracted text: Partnerships A, B, and C are liquidated and the partnership books show the following balance sheet: Cash $ 50,000 Accounts Payable $ 45,000 Inventory $ 70,000 Capital A $ 25,000 Capital B $ 30,000 Сapital C $ 20,000 Total Assets $120,000 Total Liabilities $120,000 The ratio is as follows A 45%, B 30%, C 25%. If the available cash is distributed immediately, how much does each partner earn?

Jun 08, 2022

SOLUTION.PDF

Partnerships A, B, and C are liquidated and the partnership books show the following balance sheet: Cash $ 50,000 Accounts Payable $ 45,000 Inventory $ 70,000 Capital A $ 25,000 Capital B $ 30,000...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment