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Bonnie: $6,000; Louise: $4,500; Megan: $4,500 Question 37 4 pts Bonnie, Louise, and Megan, who share profits/losses in a ratio of 4:3:3, have been partners
Bonnie: $6,000; Louise: $4,500; Megan: $4,500 Question 37 4 pts Bonnie, Louise, and Megan, who share profits/losses in a ratio of 4:3:3, have been partners in flower bouquet business. They have decided to liquidate the business, have sold all the assets except for the delivery van, and have paid off all liabilities. All partners are personally insolvent. The van has a book value of $20,000. The partners have capital account balances as follows: Bonnie, $12,500; Louise, $2,500: Megan $5,000. If the van is sold for $3,500, how much cash each partner will receive as liquidating distribution? Bonnie $2,188; Louise: $437: Megan: $875 Bonnie: $1,167: Louise: $1,166: Megan: $1,167 Bonnie: $3,500; Louise: SO, Megan: $0 Bonnie: $1,400; Louise: $1,050: Megan: $1,050 Question 38 4 pts
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