S, T and U are in the process of liquidating their partnership.They have the following capital balances and profit and loss percent's:
$$\begin{array} { | l | l | l | }
\hline & \text { Capital Balances } & \text { Profit/Loss Percent } \
\hline \mathrm { S } & \$ 10,000 \text { Debit } & 20 \% \
\hline \mathrm { T } & \$ 36,000 \text { Credit } & 50 \% \
\hline \mathrm { U } & \$ 12,000 \text { Credit } & 30 \% \
\hline & & \
\hline
\end{array}$$ The balance sheets show cash of $10,000, non-cash assets of $28,000 and no liabilities.
Assuming no liquidation expense what safe payment could be made:

Question

S, T and U are in the process of liquidating their partnership.They have the following capital balances and profit and loss percent's: 
$$\begin{array} { | l | l | l | } 
\hline & \text { Capital Balances } & \text { Profit/Loss Percent } \
\hline \mathrm { S } & \$ 10,000 \text { Debit } & 20 \% \
\hline \mathrm { T } & \$ 36,000 \text { Credit } & 50 \% \
\hline \mathrm { U } & \$ 12,000 \text { Credit } & 30 \% \
\hline & & \
\hline
\end{array}$$ The balance sheets show cash of $10,000, non-cash assets of $28,000 and no liabilities.
Assuming no liquidation expense what safe payment could be made:

Quizplus · Accepted Answer

The Answer of S, T and U are in the process of liquidating their partnership.They have the following capital balances and profit and loss percent's: 
$$\begin{array} { | l | l | l | } 
\hline & \text { Capital Balances } & \text { Profit/Loss Percent } \
\hline \mathrm { S } & \$ 10,000 \text { Debit } & 20 \% \
\hline \mathrm { T } & \$ 36,000 \text { Credit } & 50 \% \
\hline \mathrm { U } & \$ 12,000 \text { Credit } & 30 \% \
\hline & & \
\hline
\end{array}$$ The balance sheets show cash of $10,000, non-cash assets of $28,000 and no liabilities.
Assuming no liquidation expense what safe payment could be made:

S, T and U Are in the Process of Liquidating