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Time left 1:44:17 On January 1, 20X7, partners Munther, Nabil and Omar, who share profit and losses in the ratio of 23:5, decided to liquidate
Time left 1:44:17 On January 1, 20X7, partners Munther, Nabil and Omar, who share profit and losses in the ratio of 23:5, decided to liquidate their partnership. On this date, its condensed balance sheet was as follows: ASSETS LIABILITIES & EQUITY Cash $ 60,000 $ 50,000 Labiities 250,000 Munther, Capital Other Assets 80.000 Nabil. Capital 90.000 70.000 Omar, Capital $300,000 Total Total 300.000 On January 15 20x7. the first cash sale of other assets with o carrying amount of $150.000 realized $120.000. Sate Installment payments to the partners were made on the some date. How much cosh should be distributed to Doring Nabil Ca. 550.000 DE 560,000 546.800 142.000
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