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The Partners' Profit and Loss Sharing Ratio Is 2:3:5, Respectively

Question 106

Multiple Choice

The partners' profit and loss sharing ratio is 2:3:5, respectively. 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
-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

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