Use the Following Account Balance Information for Granobfin Partnership with Income

question 110

Multiple Choice

Use the following account balance information for Granobfin Partnership with income ratios of 2:4:4 for Granger Noble and Finn respectively.
-Assume that as part of liquidation proceedings Granobfin sells its noncash assets for $360000. As a result one of the partners has a capital deficiency which that partner decides not to repay. The amount of cash that would ultimately be distributed to Finn would be

• A) $312000.
• B) $228000.
• C) $144000.
• D) $204000.

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