White, Sands, and Luke has the following capital account balances and profit and loss ratios:$60,000 (30%); $100,000 (20%); and $200,000 (50%).The partnership has received a predistribution plan.How would $90,000 be distributed?
A) Option A.
B) Option B.
C) Option C.
D) Option D.
E) Option E.

Question

White, Sands, and Luke has the following capital account balances and profit and loss ratios:$60,000 (30%); $100,000 (20%); and $200,000 (50%).The partnership has received a predistribution plan.How would $90,000 be distributed? 
A) Option A. 
B) Option B. 
C) Option C. 
D) Option D. 
E) Option E.

Quizplus · Accepted Answer

The Answer of White, Sands, and Luke has the following capital account balances and profit and loss ratios:$60,000 (30%); $100,000 (20%); and $200,000 (50%).The partnership has received a predistribution plan.How would $90,000 be distributed? 
A) Option A. 
B) Option B. 
C) Option C. 
D) Option D. 
E) Option E.

White, Sands, and Luke Has the Following Capital Account Balances