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Find what the cash distribution to partners would be

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Problem 1: Prior to liquidation, the partners' capital balances are reported as follows: ARIANA - Capital, ?210,000, P&L Ratio, 1/4; GRANDE - Capital, ?240,000, P&L Ratio, 3/4. The total liabilities of the partnership amount to ?200,000, and all assets available are non-cash assets which were realized at ?500,000. The cash distribution to partners would be:

a. Ariana -?135,000; Grande -?165,000
b. Ariana -?125,000; Grande -?375,000
c. Ariana -?140,000; Grande -?160,000
d. Ariana -?172,500; Grande -?127,500

Reference no: EM132739845

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