Before the final distribution of cash, account balances are Cash 27,000; S. Hui, Capital 19,000 (Cr.); L.

Question:

Before the final distribution of cash, account balances are Cash ¥27,000; S. Hui, Capital ¥19,000 (Cr.); L. Song, Capital ¥12,000 (Cr.); and M. Li, Capital ¥4,000 (Dr.) (amounts in thousands). Li is unable to pay any of the capital deficiency. If the income-sharing ratios are 5:3:2, respectively, how much cash should be paid to L. Song?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

Fantastic news! We've Found the answer you've been seeking!