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In liquidation, balances prior to the distribution of cash to the partners are: Cash $600.000; Luis, Capital $280,000; Sam, Capital $260,000, and Pablo, Capital $60,000.
In liquidation, balances prior to the distribution of cash to the partners are: Cash $600.000; Luis, Capital $280,000; Sam, Capital $260,000, and Pablo, Capital $60,000. The income ratio is 6:2:2, respectively. If all of the partners have capital credit balances, how much cash should be distributed to Luis? O a. $300,000 O b. $280,000 O c. $272,500 O d. $250,000
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