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Find what the cash distribution to partners would be

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Problem 1: Prior to the liquidation, the partners' capital balances and P&L ratio are as follows: Alaska - Capital,?160,000, P&L ratio, 1/3; Anchor - Capital, ?290,000, P&L ratio, 2/3. The total liabilities of the partnership amount to ?150,000, and all assets available are non-cash assets which were realized at ?540,000. The cash distribution to partners would be:

a. Alaska - ?135,000; Anchor - ?270,000

b. Alaska - ?140,000; Anchor - ?250,000

c. Alaska - ?190,000; Anchor - ?350,000

d. Alaska - ?130,000; Anchor - ?260,000

Reference no: EM132812687

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