White,Sands,and Luke Has the Following Capital Balances and Profit and Loss

question 39

Multiple Choice

White,Sands,and Luke has the following capital balances and profit and loss ratios;
$50,000 (30%) ,$100,000 (20%) and $200,000 (50%) .If the partnership is to be liquidated and $150,000 becomes available for the partners immediately,who gets the money?

• A)$0 White;$57,143 Sands;$92,857 Luke.
• B)$10,000 White;$47,143 Sands;$92,857 Luke.
• C)$0 White;$47,143 Sands;$102,857 Luke.
• D)$20,000 White;$57,143 Sands;$82,857 Luke.
• E)$30,857 White;$57,143 Sands;$62,000 Luke.

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