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fast Sameer. Hari, and Allore partners in SHA Partnership. On 1/1/2021, they decide to liquidate their business. On 31/12/2020, and before closing the net income
fast Sameer. Hari, and Allore partners in SHA Partnership. On 1/1/2021, they decide to liquidate their business. On 31/12/2020, and before closing the net income for 2020. you have the folowing accounts and balances: Cash $ 52.000 Non cash Assets 215.000 Liabilities 5,000 Sameer's capital 134,000 Hani's capital 78,000 Ali's capital 10,000 You know that Net income for the year 2020 was $40.000. Non cash assets are sold for $160,000 cash Partners share income/loss in a 4:3.3 ratio, respectively. Required: Calculate the amount of Cash distribution to Sameer after the louidation process is over. with no $ signs or commas. That is, if your answer is $1,000, white it as : 1000)
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