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I want the answer as soon as possible thx Sameer, Hani, and Ali are partners in SHA Partnership. On 1/1/2021, they decide to liquidate their
I want the answer as soon as possible thx
Sameer, Hani, and Ali are 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 following accounts and balances: Cash $ 52,000 Non cash Assets 215.000 Uablities 5.000 Sameet's capital 134,000 Hani's capital 78,000 Ali's capital 10.000 You know that: Not income for the year 2020 was $40.000 Non cash assets are sold for $160.000 canh Partners share income loss in a 43:3 ratio respectively Required: Calculate the amount of Cash distribution to Sameer after the liquidation 7 PC is over (Note: In the answer space, write only the number, with no 5 signs or commas. That is. your answer is $1,000, white it as: 1000 )Step by Step Solution
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