The Abrams, Bartle, and Creighton Partnership Began the Process of Liquidation

question 17

Multiple Choice

The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $12,000. If the noncash assets were sold for $234,000, what amount of the loss would have been allocated to Bartle?

• A) $43,200.
• B) $46,800.
• C) $40,000.
• D) $42,400.
• E) $43,100.