The following condensed balance sheet is presented for the partnership of Alexa, Bell, and Graham, who share profits and losses in the ratio 6:2:2, respectively:
The partners agreed to liquidate the partnership after selling the other assets. The other assets were sold for $160,000.
Required:
How should the available cash be distributed?
Alexa _______________ Bell _______________ Graham _______________

Question

The following condensed balance sheet is presented for the partnership of Alexa, Bell, and Graham, who share profits and losses in the ratio 6:2:2, respectively:
  The partners agreed to liquidate the partnership after selling the other assets. The other assets were sold for $160,000.
Required:
How should the available cash be distributed?
Alexa _______________ Bell _______________ Graham _______________

Quizplus · Accepted Answer

The Answer of The following condensed balance sheet is presented for the partnership of Alexa, Bell, and Graham, who share profits and losses in the ratio 6:2:2, respectively:
  The partners agreed to liquidate the partnership after selling the other assets. The other assets were sold for $160,000.
Required:
How should the available cash be distributed?
Alexa _______________ Bell _______________ Graham _______________

The Following Condensed Balance Sheet Is Presented for the Partnership