A Local Partnership Was Considering the Possibility of Liquidation Since

question 62

Multiple Choice

A local partnership was considering the possibility of liquidation since one of the partners (Ding) was personally insolvent. Capital balances at that time were as follows. Profits and losses were divided on a 4:2:2:2 basis, respectively. $$\begin{array} { l r } \text { Ding, capital } & \$ 60,000 \\\text { Laurel, capital } & 67,000 \\\text { Ezzard, capital } & 17,000 \\\text { Tillman, capital } & 96,000\end{array}$$ Creditors of partner Ding filed a $25,000 claim against the partnership's assets. At that time, the partnership held noncash assets reported at $360,000 and liabilities of $120,000. There was no cash on hand at the time. If the assets could be sold for $228,000, what is the minimum amount that Ezzard's creditors would have received?

• A)$36,000.
• B)$0.
• C)$2,500.
• D)$38,250.
• E)$67,250.

---

Definitions:

Hemiplegic Patient

An individual who has paralysis on one entire side of their body, often due to a stroke or brain injury.

Wheelchair Brakes

Mechanical devices on a wheelchair that lock the wheels in place to prevent movement for safety and stability.

Arthritis

A condition causing inflammation, stiffness, and pain in the joints.

Nursing Diagnosis

A clinical judgment about individual, family, or community responses to actual or potential health problems/life processes that provide the basis for selecting nursing interventions.