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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