The partners' income and loss sharing ratio is 2:3:5, respectively.
If the Cindi, Jenni, and Becki Partnership is liquidated by selling the noncash assets for $390,000 and creditors are paid in full, what is the amount of cash that can be safely distributed to each partner?
A) Cindi, $72,000; Jenni, $108,000; Becki, $0.
B) Cindi, $84,000; Jenni, $126,000; Becki, $30,000.
C) Cindi, $69,000; Jenni, $111,000; Becki, $0.
D) Cindi, $66,000; Jenni, $114,000; Becki, $0.
Correct Answer:
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