Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 35

A partnership has gone through liquidation and now reports the following account balances:

Profits and losses are allocated on the following basis: Wayman, 30 percent; Jones, 20 percent; Fuller, 30 percent; and Rogers, 20 percent. Which of the following events should occur now
a. Jones should receive $3,000 cash because of the loan balance.
b. Fuller should receive $11,800 and Rogers $4,200.
c. Fuller should receive $10,600 and Rogers $5,400.
d. Jones should receive $3,000, Fuller $8,800, and Rogers $4,200,