As of January 1, 2011, the partnership of Canton, Yulls, and Garr had the following account balances and percentages for the sharing of profits and losses:

The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $10,000.
How much cash should each partner receive at this time, pursuant to a proposed schedule of liquidation?

Question

As of January 1, 2011, the partnership of Canton, Yulls, and Garr had the following account balances and percentages for the sharing of profits and losses:
 
The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $10,000.
How much cash should each partner receive at this time, pursuant to a proposed schedule of liquidation?

Quizplus · Accepted Answer

The Answer of As of January 1, 2011, the partnership of Canton, Yulls, and Garr had the following account balances and percentages for the sharing of profits and losses:
 
The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $10,000.
How much cash should each partner receive at this time, pursuant to a proposed schedule of liquidation?

As of January 1, 2011, the Partnership of Canton, Yulls