on 10 072 points In liquidation, balances prior to the distribution of cash to the partners are: Cash $765,000; Peterson, Capital $420,000: Laney, Capital $390.000, and Howell, Capital $45,000 deficiency. The income ratio is 6:2:2, respectively. How much cash should be distributed to Laney if Howell does not pay his deficiency? a) $378,750 The partnership form of business is a) not restricted to any particular type of business. b) restricted to firms having fewer than 10 partners. c) restricted to law and medical practices. d) most often used in relatively large companies. Question 10 0/2 points In liquidation, balances prior to the distribution of cash to the partners are: Cash $765.000; Peterson, Capital $420,000; Laney, Capital $390,000, and Howell , Capital $45,000 deficiency. The income ratio is 6:2:2, respectively. How much cash should be distributed to Laney if Howell does not pay his deficiency? a) $378,750 bl $390,000 $367.000 di $356,250