The Following Condensed Balance Sheet Is Presented for the Partnership

question 54

Multiple Choice

The following condensed balance sheet is presented for the partnership of D,E,and F who share profits and losses in the ratio of 5:3:2,respectively:
The partners agreed to liquidate the partnership after selling the other assets.
-Refer to the above information.If the other assets are sold for $280,000,how much should F receive upon liquidation?

• A)$44,000
• B)$50,000
• C)$76,000
• D)$90,000

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Definitions:

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