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How much cash can be distributed safely at this point

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Reference no: EM132801000

Question - When JUSTIN and BIEBER, partners who share earnings 60:40, were severely injured in an accident, a liquidator was appointed to wind up their business. The accounts showed cash, $90,000; other assets, $235,000; liabilities, $45,000; Justin's capital, $126,000; and Bieber's capital, $154,000. The expenses of liquidating the business (advertising, rent, travel, etc.) are estimated at $25,000. How much cash can be distributed safely at this point?

Reference no: EM132801000

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