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A partnership has the following balance sheet prior to liquidation partner profit and loss ratios are in parentheses $ 33,eee 100,000 Other assets Liabilities Playa,
A partnership has the following balance sheet prior to liquidation partner profit and loss ratios are in parentheses $ 33,eee 100,000 Other assets Liabilities Playa, capital (403) Bahia, capital (3 ) Arco, capital (30) Total $50,000 24,000 29.000 0.000 $ 133,000 Total $133,000 During lquidation, other assets are sold for $80,000, Babilities are paid in full, and $15,000 in liquidation expenses are paid. What amount of cash does each partner receive as a result of this liquidation? M e Choice P S1000 Bahia 500 A $19.500 O Play 56,000, Bahia, 54500 Arco, 54,500 O P .000 B 23.000 ,524.000 O Paya. $19.200 ha 14.000 A 400 A partnership has the following capital balances: X 150 percent of profits and losses) - $150.000 Y 30 percent of profits and losses) - $120,000, Z (20 percent of profits and losses) $80,000. If the partnership is to be liquidated and 30.000 becomes indutely availwho gets that money Choice 524000 X 56000 10 $ 0 2 SON X 58.500 10 0 10 2 O S X 100 LO Y 50.000 10 2. O $.000 X 59.000 6.000 to Z
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