Nettles, King, and Tanaka are partners sharing income 3:2:1. After the firm's loss from liquidation is distributed,

Question:

Nettles, King, and Tanaka are partners sharing income 3:2:1. After the firm's loss from is distributed, the capital account balances were: Nettles, $15,000 Dr.; King, $46,000 Cr.; and Tanaka, $71,000 Cr. If Nettles is personally bankrupt and unable to pay any of the $15,000, what will be the amount of cash received by King and Tanaka upon Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....