Question
c and d share income in a 1:4 ratio, and have capital balances of $100,000 and $60,000 respectively. Book value of total assets is $300,000.
c and d share income in a 1:4 ratio, and have capital balances of $100,000 and $60,000 respectively. Book value of total assets is $300,000. Liabilities total $140,000. Sale of all assests results in total available cash of $180,000. The amount to be distributed to parnter c is?
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Accounting and Financial Analysis in the Hospitality Industry
Authors: Johnathan Hales
1st edition
132458667, 978-0132458665
