On November 10, 2020, Maher, Saher, and Taher, partners of Maher, Saher, & Taher LLP,...
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Accounting
On November 10, 2020, Maher, Saher, and Taher, partners of Maher, Saher, & Taher LLP, shared net income and losses in a 4 : 2 : 1 ratio respectively. In liquidation of the LLP, the Capital per unit of income sharing ratio were: $10,000, $12,000, $15,000 respectively. The capital balance of Maher before liquidation was:
a.
$40,000.
b.
$37,000.
c.
$24,000.
d.
$15,000.
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