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Mandy Annie and Tammy Formed a Partnership with Income-Sharing Ratios

Question 171

Multiple Choice

Mandy Annie and Tammy formed a partnership with income-sharing ratios of 50% 30% and 20% respectively. Cash of $300000 was available after the partnership's assets were liquidated. Prior to the final distribution of cash Mandy's capital balance was $200000 Annie's capital balance was $150000 and Tammy had a capital deficiency of $50000. Assuming Tammy contributes cash to match her capital deficiency Mandy should receive


A) $175000.
B) $168750.
C) $131250.
D) $200000.

Correct Answer:

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