The Following Condensed Balance Sheet Is Presented for the Partnership

question 52

Multiple Choice

The following condensed balance sheet is presented for the partnership of H,I,and J who share profits and losses in the ratio of 4:3:3,respectively:
The partners agree to liquidate the partnership after selling the other assets.
-Refer to the above information.If the other assets are sold for $200,000,how much should J receive upon liquidation?

• A)$50,000
• B)$30,000
• C)$20,000
• D)$15,000

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A characteristic or condition that greatly increases the likelihood of developing a disease or injury.

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Circumstances affecting the way in which people live or work, especially with regard to their safety or well-being.

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A characteristic, condition, or behavior that increases the likelihood of developing a disease or health condition.

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The maximum duration of life of a species or the length of life of an individual.