Multiple Choice
Use the following account balance information for Granobfin Partnership with income ratios of 2:4:4 for Granger Noble and Finn respectively.
-Assume that as part of liquidation proceedings Granobfin sells its noncash assets for $360000. As a result one of the partners has a capital deficiency which that partner decides not to repay. The amount of cash that would ultimately be distributed to Finn would be
A) $312000.
B) $228000.
C) $144000.
D) $204000.
Correct Answer:

Verified
Correct Answer:
Verified
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