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After selling the noncash assets and paying the liabilities, ABC Company has $56,000 in cash, and the capital balances are: Allen $29,000, Bart $38,000 and
After selling the noncash assets and paying the liabilities, ABC Company has $56,000 in cash, and the capital balances are: Allen $29,000, Bart $38,000 and Cindy ($11,000). The partners profit and loss ratio is 6:5:4. Cindy is unable to pay what she owes. How much cash will Bart receive?
$42,400.
$33,000.
$33,600.
$43,000.
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