Question

The following condensed balance sheet is for the partnership of Adel, Bahi, and Rani, who share...

The following condensed balance sheet is for the partnership of Adel, Bahi, and Rani, who share profits and losses in the ratio of 4:3:3, respectively:

                        Assets                                                  Liabilities & Capital

            Cash                                        $100,000         Liabilities                                $150,000

            Other Assets                              300,000         Adel, Capital                            40,000

                                                                                    Bahi, Capital                             180,000

                                                                                    Rani, Capital                               30,000

            Total Assets                               $400,000      Total Liabilities & Capital         $400,000

The partners agreed to dissolve the partnership after selling the other assets for $180,000. On dissolution of the partnership, B should receive

Select one:
a. $40,000.
b. $60,000.
c. $0.
d. $130,000.

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