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This is for Advanced accounting. please provide an explanation. The two photos are the same. Alex and Bill were partners who began to liquidate their

This is for Advanced accounting.
please provide an explanation.
The two photos are the same. image text in transcribed
image text in transcribed
Alex and Bill were partners who began to liquidate their business. At the start of the process, the capital balances for Alex and Bill were $66,000 and $60,000 respectively. Alex has a profit & loss percentage of 60% and Bill has a profit & loss percentage of 40%. (9 points) 11. Assume that after paying all liabilities, $55,000 of cash is available for distribution to the partners. How should the money be distributed? $22,000 to Bill, and $33,000 to Alex. $33,000 to Bill, and $22,000 to Alex. $31,600 to Bill, and $23,400 to Alex. $23,400 to Bill, and $31,600 to Alex. None of the above. Alex and Bill were partners who began to liquidate their business. At the start of the process, the capital balances for Alex and Bill were $66,000 and $60,000 respectively. Alex has a profit & loss percentage of 60% and Bill has a profit & loss percentage of 40%. (9 points) 11. Assume that after paying all liabilities, $55,000 of cash is available for distribution to the partners. How should the money be distributed? $22,000 to Bill, and $33,000 to Alex. $33,000 to Bill, and $22,000 to Alex. $31,600 to Bill, and $23,400 to Alex. $23,400 to Bill, and $31,600 to Alex. None of the above

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