Arlene, Brad, and Chick are partners, sharing income 2:1:2. After selling all of the assets for cash, dividing gains and losses on realization, and paying liabilities, the balances in the capital accounts are as follows: Arlene, $10,000 Cr; Brad, $10,000 Cr; and Chick, $30,000 Cr. How much cash should be distributed to Arlene?
A) $6,000
B) $20,000
C) $10,000
D) $16,667
Correct Answer:
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