Adriana and Belen Are Partners Who Share Income in the Ratio

question 123

Multiple Choice

Adriana and Belen are partners who share income in the ratio of 3:2 and have capital balances of $50,000 and $90,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $90,000. How much cash should be distributed to Adriana?

• A) $50,000
• B) $20,000
• C) $30,000
• D) $45,000