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Your partnership is dissolving and all creditors have been paid and at the end of the process, the partnership account has $40,000 and we have
Your partnership is dissolving and all creditors have been paid and at the end of the process, the partnership account has $40,000 and we have the following info: Your capital account $30,000 George's capital account $20,000 Ringo's capital account ($10,000) How is the cash distributed? O a. The partnership would sue Ringo, collect the $10,000 and then you would get $30,000 and George would get $20,000 Ob. You would get $30,000 and George would get $10,000 and a claim for $10,000 from Ringo Oc. You would get $24,000 and a claim against Ringo for $6,000 Od. You would get $20,000 and George would get $20,000 and both of you would sue Ringo
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