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The partnership of Paul, Mark, and Jo is liquidating and the ledger shows the following balances: If all available cash is distributed immediately: A. Paul,
The partnership of Paul, Mark, and Jo is liquidating and the ledger shows the following balances: If all available cash is distributed immediately: A. Paul, Mark, and Jo would receive $26, 667 each B. Paul, Mark, and Jo would receive $6, 667 each C. Paul would receive $10,000 and Mark and Jo would each receive $5,000 D. Mark would receive $15,000 and Jo would receive $5,000 E. None of the partners can receive any of the cash until loss of inventory is determined If no distributions have been made and the inventory is sold for $80,000, cash should be distributed A. Paul, Mark, and Jo would receive $33, 333 each B. Paul, Mark, and Jo would receive $26, 667 each C. Paul would receive $50,000 and Mark and Jo would each receive $25,000 D. Paul would receive $40,000, Mark would receive $45,000 and Jo would receive $35,000 E. Paul would receive $30,000, Mark would receive $40,000 and Jo would receive $30,000
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