X, Y, and Z have capital balances of $90,000, $60,000, and $30,000, respectively. Profits are allocated 35% to X, 35% to Y, and 30% to Z. The partners have decided to dissolve and liquidate the partnership. After paying all creditors, the amount available for distribution is $60,000. X, Y, and Z are all personally solvent. Under the circumstances, Z will:
A) receive $18,000.
B) receive $30,000.
C) personally have to contribute an additional $6,000.
D) personally have to contribute an additional $36,000.
Correct Answer:
Verified
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