After several years of business, Abel, Barney, and Cole are liquidating. The following are post-closing account balances. Non-cash assets are sold for $305,000. Profits and losses are shared equally.
After all liabilities are paid, divide the remaining cash amongst the partners.

Question

After several years of business, Abel, Barney, and Cole are liquidating. The following are post-closing account balances.  Non-cash assets are sold for $305,000. Profits and losses are shared equally.
After all liabilities are paid, divide the remaining cash amongst the partners.

Quizplus · Accepted Answer

The Answer of After several years of business, Abel, Barney, and Cole are liquidating. The following are post-closing account balances.  Non-cash assets are sold for $305,000. Profits and losses are shared equally.
After all liabilities are paid, divide the remaining cash amongst the partners.

After Several Years of Business, Abel, Barney, and Cole Are