Question

Fall 2014 Library Hours Manden und - 0 NOW2 Online beach X 1 s rake Assignment/take AssignmentMandoler * entSessionLocatorsBinprogressfalse Calculator Harriet, Hides, and Zack decide to liquidate their partnership. All assets are sold, and the abilities are paid. Following these transactions, the capital Zack, $48.000 and 30%. Miday is unable to balances and profit and loss percentages are as follows: Harriet, $28,900 and 30% Mickey (19.000) and 40% contribute s to reduce the deficit. How much cash will Harriet receive as a result of the partnership Squidation? a $19.000 . 23.950 O . 20,900 $25,000 FROLULITV

Answer 1

Option b, 23950

	Harriet
Capital balance	28900
Less: Mickey's loss [9900*50%] Mickey's loss will be borne by Harriet and Zack equally]	4950
Cash distributed on partnership deduction	23950