Could someone help me with 6 &7? Thank you!

ny 2/ Chapter 16 Partner hips: LiquMarim 835 (Note: The following information is for questions 6 and 7.) F. A. S, and B are partners sharing profits and losses equally. The insolvent partnership is to be liquidated. The status of the partnership and each partner is as follows: Partnership Capital Balance $(15,000) (10,000) 20,000 30,000 s 25,000 Personal Assets (exclusive of partnership interest) $100,000 Personal Liabilities (exclusive of partnership interest) 540,000 60,000 30,000 5,000 28,000 Total 6. The partnership creditors Must first seek recovery against S because she is personally solvent and has a negative capi a. tal balance. h Will nor be paid in full regardless of how they proceed legally because the partnership assets are less than its liabilities. c. Will have to share A's interest in the partnership on a pro rata basis with A's personal -creditors. Have first claim to the partnership assets before any partner's personal creditors have rights to those assets 7. The partnership creditors should seek recovery of their claims a. From the partnership, including additional contributions from F and S. b. From the personal assets of either For A. c. From the personal assets of either S or B d. From the personal assets of any of the partners for all or some of their claims. Multiple-Choice Questions on Partnership Liquidation [AICPA Adapted] Select the correct answer for each of the following questions. 6-2 1. On January 1, 20X7, the partners of Casey, Dithers, and Edwards, who share profits and losses in the ratio of 5:3:2, decided to liquidate their partnership. On this date, its condensed balance sheet was as follows: Assets Liabilities and Capital 60,000 80,000 90,000 70,000 $300,000 50,000 Liabilities Cash Other Assets 250,000 Casey, Capital Dithers, Capital Edwards, Capital Total $300,000 Total