The partners' profit and loss sharing ratio is 2:3:5, respectively.
If the D, E, and F Partnership is liquidated by selling the equipment for $ 45,000 and creditors are paid in full, what is the amount of cash that can be safely distributed to each partner?
A) D, $ 24,000; E, $ 16,000; F, $ 0
B) D, $ 14,000; E, $ 21,000; F, $ 5,000
C) D, $ 20,000; E, $ 25,000; F, $ 5,000
D) D, $ 30,000; E, $ 25,000; F, $ 15,000
Correct Answer:
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