In liquidation balances prior to the distribution of cash to the partners are: Cash $900000; Peterson Capital $420000; Laney Capital $390000 and Howell Capital $90000. The income ratio is 6:2:2 respectively. How much cash should be distributed to Peterson?

Question

Quizplus · Accepted Answer

The Answer of In liquidation balances prior to the distribution of cash to the partners are: Cash $900000; Peterson Capital $420000; Laney Capital $390000 and Howell Capital $90000. The income ratio is 6:2:2 respectively. How much cash should be distributed to Peterson?

In Liquidation Balances Prior to the Distribution of Cash to the Partners