partnership assets itors, the ledger of the Daniela, Erika and Eredline partnership showed the following nces: Debit Credit counts payable 20,000 10,000 miela, capital (40%) xa, capital (30%) 60,000 dline, capital (30%) 90,000 90,000 90,000 centages indicated are residual profit and losses sharing ratios. Personal assets and lities of the partners are as follows: Erika Fredline Daniela 50,000 sonal assets 50,000 100,000 sonal liabilities 45,000 40,000 40,000 partnership creditors proceed against Fredline for recovery of their claims, and the hers settle their claims against each other. How much would Erika receive?

partnership assets itors, the ledger of the Daniela, Erika and Eredline partnership showed the following nces: Debit Credit counts payable 20,000 10,000 miela, capital (40%) xa, capital (30%) 60,000 dline, capital (30%) 90,000 90,000 90,000 centages indicated are residual profit and losses sharing ratios. Personal assets and lities of the partners are as follows: Erika Fredline Daniela 50,000 sonal assets 50,000 100,000 sonal liabilities 45,000 40,000 40,000 partnership creditors proceed against Fredline for recovery of their claims, and the hers settle their claims against each other. How much would Erika receive?

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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