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's creditors have filed a $32,000 claim against the partnership's assets. The partnership currently holds assets of $410,000 and liabilities of $155,500. If the assets can be sold for $245,000, what is the minimum amount that Bell's creditors would receive? Multiple Choice $6,500 $5,000 $12,500 $0