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ap 100 Saved Help Save & Exit Su Check my w A partnership has the following balance sheet prior to liquidation (partners' profit and loss
ap 100 Saved Help Save & Exit Su Check my w A partnership has the following balance sheet prior to liquidation (partners' profit and loss ratios are in parentheses) Cash Other assets $ 33,000 100,000 Liabilities Playa, capital (40%) Bahia, capital (30%) Arco, capital (30%) Total $ 50,000 24,000 29,000 30,000 $ 133,000 Total $ 133,000 During liquidation, other assets are sold for $80,000, liabilities 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? Multiple Choice Playa, $10,000; Bahia, $18,500: Arco, $19.500 Saved Multiple Choice o Playa, $10,000; Bahia, $18.500; Arco, $19,500. o Playa, S6,000; Bahia, $4.500; Arco, $4,500. o Playa, S19,200, Bahia, S14,400; Arco, S14,400 o Plays, s16000, Bahia, S23.000. Arco, s24.000
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