E m and r have a partnership and share income in a 123

Reference no: EM13608730

E, M and R have a partnership and share income in a 1:2:3 ratio. After sale of assets for cash, division of loses on realization, and payment of liabilites, the capital balances are $50,000, $20,000, and $30,000, respectively. If R pays $15,000 for the deficiency, how much should be distributed to E?

Reference no: EM13608730

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E m and r have a partnership and share income in a 123

Reference no: EM13608730

Reference no: EM13608730

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