Partners Robert and Sally Have $3,600 Capital Balances and Share

question 30

Multiple Choice

Partners Robert and Sally have $3,600 capital balances and share income and losses in a 2:1 ratio for Robert and Sally, respectively. Cash equals $1,200, noncash assets are $12,000, and liabilities are $5,500. If all the noncash assets are sold for $5,700, and each partner agrees to make up any capital deficits with personal cash contributions, Sally eventually will receive cash of:

• A) $0.
• B) $1,200.
• C) $1,500.
• D) $2,100.

---

Definitions:

CTRL+C

A keyboard shortcut commonly used to copy the selected text, image, file, or other item to the clipboard in graphical user interfaces.

Page Width

A measurement or setting that determines the width of a page in various applications, such as word processing or web design.

Zoom Group

A feature in user interfaces that allows users to adjust the zoom level of the displayed content for better visibility.

Page Movement

Refers to the navigation or scrolling through pages in a document or website.