Multiple Choice
In liquidation balances prior to the distribution of cash to the partners are: Cash $900000; Peterson Capital $420000; Laney Capital $390000 and Howell Capital $90000. The income ratio is 6:2:2 respectively. How much cash should be distributed to Peterson?
A) $375000
B) $408750
C) $420000
D) $450000
Correct Answer:
Verified
Correct Answer:
Verified
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