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EX3. The MC Partnership is to be liquidated when the ledger shows the following: A, B, C and D have capital balances of OMR 320,000,

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EX3. The MC Partnership is to be liquidated when the ledger shows the following: A, B, C and D have capital balances of OMR 320,000, OMR 360,000, and OMR280,000,300000 respectively, and their income ratios are 1:2:3:2. Instructions Record the withdrawal of C from the partnership under each of the following assumptions: 1.C is paid 280,000 from partnership assets. 2. C is paid 320,000 from partnership assets. 3. Cis paid 4168,000 from partnership assets. N

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