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CALCULATOR | | PRINTER VERSION- BACK The partners' income...

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Accounting

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CALCULATOR | | PRINTER VERSION- BACK The partners' income and loss sharing ratio is 2:3:5, respectively CHENARD, JENNINGs, AND BLAIR PARTNERSHIP Balance Sheet December 31, 2014 Assets Liabi Cash Noncash assets $150,000 60,000 90,000 30,000 $330,000 $45,000 Liabilities 285,000Chenard, Capital ennings, Capital Blair, Capital Total $330,000 Total If the CHENARD, JENNINGS, and BLAIR Partnership is liquidated bi selling the noncash assets for $195,000 and creditors are paid in ful what is the amount of cash that can be safely distributed to each partner? CHENARD, $34, 500; JENNINGS, sss, s00; BLAIR, $0. CHENRAD, $36,000; JENNINGS, $54,000; BLAIR, $o. CHENARD, $33,000; JENNINGS, $57,000; BLAIR, so. CHENARD, $42,000; JENNINGS, $63,000; BLAIR, $15,000

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