A local partnership is considering possible liquidation because one of the partners (Bell) is insolvent. Capital balances at the current time are as follows. Profits and losses are divided on a 4:3:2:1 basis, respectively. 11eb7f44_94e5_701a_afa2_c5a52da580d3_SM1526_00 Bell's creditors have filed a $21,000 claim against the partnership's assets. The partnership currently holds assets reported at $300,000 and liabilities of $100,000. If the assets can be sold for $190,000, what is the minimum amount that Bell's creditors would receive A) -0 - B) $2,000. C) $2,800. D) $6,000.

Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

النسخة 12الرقم المعياري الدولي: 978-0077862220

Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

النسخة 12الرقم المعياري الدولي: 978-0077862220

تمرين 1

A local partnership is considering possible liquidation because one of the partners (Bell) is insolvent. Capital balances at the current time are as follows. Profits and losses are divided on a 4:3:2:1 basis, respectively.

Bell's creditors have filed a $21,000 claim against the partnership's assets. The partnership currently holds assets reported at $300,000 and liabilities of $100,000. If the assets can be sold for $190,000, what is the minimum amount that Bell's creditors would receive
A) -0 -
B) $2,000.
C) $2,800.
D) $6,000.

التوضيح

موثّق

Partnership accounting is a type of busi...