The liabilities and partners' capital section of the balance sheet for Nelson, Opal & Pique LLP was as follows on March 31, 2006, before liquidation:
The partners shared net income and losses in the ratio of 4:3:2, respectively.
Prepare a cash distribution program for Nelson, Opal & Pique LLP on March 31, 2006. A working paper is not required.

Question

The liabilities and partners' capital section of the balance sheet for Nelson, Opal & Pique LLP was as follows on March 31, 2006, before liquidation:
  The partners shared net income and losses in the ratio of 4:3:2, respectively.
Prepare a cash distribution program for Nelson, Opal & Pique LLP on March 31, 2006. A working paper is not required.

Quizplus · Accepted Answer

The Answer of The liabilities and partners' capital section of the balance sheet for Nelson, Opal & Pique LLP was as follows on March 31, 2006, before liquidation:
  The partners shared net income and losses in the ratio of 4:3:2, respectively.
Prepare a cash distribution program for Nelson, Opal & Pique LLP on March 31, 2006. A working paper is not required.

The Liabilities and Partners' Capital Section of the Balance Sheet