Dancey,Reese,Newman,and Jahn were partners who shared profits and losses on a 4:2:2:2 basis,respectively.They were beginning to liquidate their business.At the start of the process,capital balances were as follows:
Which one of the following statements is true?

Question

Dancey,Reese,Newman,and Jahn were partners who shared profits and losses on a 4:2:2:2 basis,respectively.They were beginning to liquidate their business.At the start of the process,capital balances were as follows: 
Which one of the following statements is true?

Quizplus · Accepted Answer

The Answer of Dancey,Reese,Newman,and Jahn were partners who shared profits and losses on a 4:2:2:2 basis,respectively.They were beginning to liquidate their business.At the start of the process,capital balances were as follows: 
Which one of the following statements is true?

Dancey,Reese,Newman,and Jahn Were Partners Who Shared Profits and Losses on a 4:2:2:2