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Below are two cases. Assume that A & B are equal partners. How will the assets of the partnership be allocated? Case 1 Case 2

Below are two cases. Assume that A & B are equal partners. How will the assets of the partnership be allocated?

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Case 1 Case 2 Parntership information CashLiabilitiesCapialpartnerACapitalpartnerB48,00042,0003,00030031,00051,000(8,000)(12,000) Personally Person A has CashLiabilities10,00017,00030,00017,000 Personally Person B has CashLiabilities50,0009,00015,00016,000

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