Mohammad. Ahmed, and Mahmmod formed a partnership with income-sharing ratios of 50%, 30%, and 20%, respectively. Cash of 300,000 was available after the partnership's assets were liquidated. Prior to the final distribution of cash, Mohammad's capital balance was 200,000, Ahmed's capital balance was 150.000, and Mahmood's had a capital deficiency of 50,000. Assuming Mahmmod was unable to contributes cash to match his capital deficiency. Mohammad should receive 200.000-aO 168,750-b O 131.250 O 175,000-d O

Mohammad. Ahmed, and Mahmmod formed a partnership with income-sharing ratios of 50%, 30%, and 20%, respectively. Cash of 300,000 was available after the partnership's assets were liquidated. Prior to the final distribution of cash, Mohammad's capital balance was 200,000, Ahmed's capital balance was 150.000, and Mahmood's had a capital deficiency of 50,000. Assuming Mahmmod was unable to contributes cash to match his capital deficiency. Mohammad should receive 200.000-aO 168,750-b O 131.250 O 175,000-d O

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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