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The capital per unit of income sharing for the partners of Rami, Sami & Tami LLP as authorized on December 20, 2020, were: $25,000, $30,000

The capital per unit of income sharing for the partners of Rami, Sami & Tami LLP as authorized on December 20, 2020, were: $25,000, $30,000 & $8,000 respectivily and their income-sharing ratio: 3:2:5 respectively. the capital balance for Rami before liquidation is:

Select one:

a.

$50,000.

b.

$25,000.

c.

$125,000.

d.

$75,000.

On November 10, 2020, Maher, Saher, and Taher, partners of Maher, Saher, & Taher LLP, shared net income and losses in a 4 : 2 : 1 ratio respectively. In liquidation of the LLP, the Capital per unit of income sharing ratio were: $10,000, $12,000, $15,000 respectively, means that:

a.

$15,000 to be paid to Taher before any payment made to Maher and Saher.

b.

$5,000 to be paid to Taher before any payment made to Maher and Saher.

c.

$3,000 to be paid to Taher before any payment made to Maher and Saher.

d.

$5,000 to be paid to Taher before any payment made to Maher and Saher.

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