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A local partnership is liquidating and is currently reporting the following capital balances: Adam, capital $ 19,000 William, capital 18,000 Cynthia, capital (12,000) Cynthia has

A local partnership is liquidating and is currently reporting the following capital balances:

Adam, capital $ 19,000

William, capital 18,000

Cynthia, capital (12,000)

Cynthia has indicated that a forthcoming contribution will cover the $12,000 deficit. However, the Adam and William have asked to receive the $25,000 in cash that is presently available. The partners divide profits and losses on 25% 25% and 50% respectively. How much of this money should each ofthe partners be given?

  • Adam, $11500 and William, 13,500
  • B. Adam, $13,000 and William, $12,000
  • C. Adam, $13,000 and William, $12,000
  • D. Adam, $16,000 and William, $15,000

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