Question
The DE partnership is undergoing an installment liquidation. Partners D and E share income in a 3:2 ratio and have current capital balances of $60,000
The DE partnership is undergoing an installment liquidation. Partners D and E share income in a 3:2 ratio and have current capital balances of $60,000 and $80,000, respectively. No loans are receivable from or payable to partners. After outside creditors are paid, if $50,000 in cash becomes available for distribution to the partners, how is it distributed?
| A. | $30,000 to D; $20,000 to E | |
| B. | $12,000 to D; $38,000 to E | |
| C. | $6,000 to D; $44,000 to E | |
| D. | $50,000 to D; $0 to E |
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Security Audit And Control Features SAP ERP
Authors: Isaca
4th Edition
1604205806, 978-1604205800
