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 the facts are as in the previous question, except that $3,000 cash is to be withheld for potential liquidation costs, the respective partners would receive (to the nearest dollar) :
A) Arch, $0; Bole, $11,333; Cusp, $5,667
B) Arch, $0; Bole, $1,000; Cusp, $16,000
C) Arch, $6,800; Bole, $6,800; Cusp, $3,400
D) Arch, $5,667; Bole, $5,667; Cusp, $5,666
E) Some other amounts
Correct Answer:
Verified
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