A partnership is considering possible liquidation because one of the partners (Bell) is personally insolvent. Profits and losses are divided on a 4:3:2:1 basis, respectively. Capital balances at the current time are

Bell, capital	$	72,500
Hardy, capital		65,000
Dennard, capital		11,000
Suddath, capital		89,000

Bells creditors have filed a $30,000 claim against the partnerships assets. The partnership currently holds assets of $390,000 and liabilities of $152,500. If the assets can be sold for $235,000, what is the minimum amount that Bells creditors would receive?

rev: 11_27_2017_QC_CS-110177

Multiple Choice

• $0

• $500

• $2,500

• $10,500