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11 Apple, Banana and Pear partnership began the liquidation process with the following balance sheet (profit and loss sharing percentages are in parenthesis): $30,000 Cash
11 Apple, Banana and Pear partnership began the liquidation process with the following balance sheet (profit and loss sharing percentages are in parenthesis): $30,000 Cash Noncash Assets $400,000 Liabilities $150,000 Apple Capital $100,000(30%) Banana Capital $ 60,000 (20%) Pear Capital $120,000 (50%) A Ifthe noncash assets are sold for $250,000 what amount ofthe loss will be allocated to Apple ? II the noncash assets are sold for only $100,000 which partner(s) capital balance and require a contribution of assets to accounts will be in a deficit the partnership
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