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The Mac-Don-Ald Partnership is being liquidated. All liabilities have been paid and the remaining assets are being realized gradually. The equity of the partners is
The Mac-Don-Ald Partnership is being liquidated. All liabilities have been paid and the remaining assets are being realized gradually. The equity of the partners is as follows: MAC: Capital - 33,000, Loans Payable -7,000, P&L Ratio - 2; DON: Capital - 42,000, P&L Ratio - 3; ALD: Capital - 95,000, Loans Receivable -15,000, P&L Ratio - 5. The second cash payment to any partner/s under program of priorities shall be made thus:*
A) To Mac - 6,000
B) To Mac -4,000
C) To Mac -4,000 and Ald -10,000
D) To Ald - 10,000
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