The following balance sheet is for Arch, Bole & Cusp LLP, whose partners share net income and losses in a 2:2:1 ratio, respectively:

-Refer to the above information. If Arch, Bole & Cusp LLP is liquidated by the realization of other assets in installments, the first realization of other assets with a carrying amount of $90,000 realizes $50,000, and all cash available after settlement with creditors is distributed to the partners, the respective partners would receive (to the nearest dollar):

Question

The following balance sheet is for Arch, Bole & Cusp LLP, whose partners share net income and losses in a 2:2:1 ratio, respectively:
 
-Refer to the above information. If Arch, Bole & Cusp LLP is liquidated by the realization of other assets in installments, the first realization of other assets with a carrying amount of $90,000 realizes $50,000, and all cash available after settlement with creditors is distributed to the partners, the respective partners would receive (to the nearest dollar):

Quizplus · Accepted Answer

The Answer of The following balance sheet is for Arch, Bole & Cusp LLP, whose partners share net income and losses in a 2:2:1 ratio, respectively:
 
-Refer to the above information. If Arch, Bole & Cusp LLP is liquidated by the realization of other assets in installments, the first realization of other assets with a carrying amount of $90,000 realizes $50,000, and all cash available after settlement with creditors is distributed to the partners, the respective partners would receive (to the nearest dollar):

The Following Balance Sheet Is for Arch, Bole & Cusp