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A local partnership was in the process of liquidating and reported the following Capital account balances Justice, capital (40% share of all profits and
A local partnership was in the process of liquidating and reported the following Capital account balances Justice, capital (40% share of all profits and losses) $23,000 ut of Zobart, capital (35%) Douglass, capital (25%) 22,000 (14,000) Douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution. However, the two remaining partners asked to Remove flag ceive the $31,000 that was then in the cash account How much of this money should Zobart receive? Select one O a $15,633 O b. $34,467 Oc $15,867. Od $17,333 Oe $15,467. spage Next page
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