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How much did c absorb in the capital deficiency

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Reference no: EM132835294

ABC Partnership have the following balances before liquidation:

Cash 250,000                      Accounts payable 50,000

Non-cash assets 500,000            A,loan 10,000

                                       A, Capital (45%) 190,000

                                        B, Capital (40%) 350,000

                                     C, Capital (15%) 150,000

Problem 1: If all the partners are insolvent and the non-cash assets were sold at P 50,000, How much did C absorb in the capital deficiency of the deficient partner?

Option 1: 1,818.18

Option 2: 0

Option 3: 2,500

Option 4: 681.82

Reference no: EM132835294

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