In liquidation, balances prior to the distribution of cash to the partners are: Cash $255,000; Presley, Capital $140,000; Laswell, Capital $130,000, and Hunter, Capital $15,000 deficiency. The income ratio is 6:2:2, respectively. How much cash should be distributed to Laswell if Hunter does not pay his deficiency?

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The Answer of In liquidation, balances prior to the distribution of cash to the partners are: Cash $255,000; Presley, Capital $140,000; Laswell, Capital $130,000, and Hunter, Capital $15,000 deficiency. The income ratio is 6:2:2, respectively. How much cash should be distributed to Laswell if Hunter does not pay his deficiency?

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