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    Polytechnic State University Sanluis
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Category > Business & Finance Posted 04 Aug 2017 My Price 6.00

The balance sheet of Marilyn and Monroe was as follows immediately prior to the partnership'

The balance sheet of Marilyn and Monroe was as follows immediately prior to the partnership's being liquidated: cash, $23,367 other assets, $127,654 liabilities, $20,584 Marilyn capital, $60,878 Monroe capital, $69,559. The other assets were sold for $120,833. Marilyn and Monroe share profits and losses in a 2:1 ratio. Find the amount of cash that Marilyn should receive as a final cash distribution from the liquidation.

Select the correct answer.

  $23,367  
  $56,331  
  $15,578  
  $60,878  

Answers

(8)
Status NEW Posted 04 Aug 2017 12:08 PM My Price 6.00

 O-----------the-----------r a-----------sse-----------ts:----------- Bo-----------ok -----------val-----------ue -----------= $-----------127-----------,65-----------4 S-----------ale----------- va-----------lue----------- = -----------$12-----------0,8-----------33 -----------Los-----------s o-----------n s-----------ale----------- = -----------$ 6-----------,82-----------1 A-----------s M-----------ari-----------lyn----------- an-----------d M-----------onr-----------oe -----------sha-----------re -----------pro-----------fit-----------s a-----------nd -----------los-----------ses----------- in----------- a -----------2:1----------- ra-----------tio----------- Lo-----------ss -----------amo-----------unt-----------

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