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The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Cash Noncash assets $ 16,8 Liabilities $158,880 88,888 9e,800
The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Cash Noncash assets $ 16,8 Liabilities $158,880 88,888 9e,800 13e,88e s458,88e 434,888 Abrams,capital Bartle, capital Creighton, capital 458, 80e Total Total Abrams, Bartle, and Creighton share profits and losses In a ratio of 3:2:5. Liquidation expenses are expected to be $12,000. Assuming that, after the payment of liquidation expenses In the amount of $12.000 was made and the noncash assets were sold, If Creighton has a deficit of $8,000, for what amount would the noncash assets have been sold? Multiple Cholce $170.000 $264.000 $146.000 $185,000
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