Nettlies King and Tanaka are partners sharing income 321Afer

Nettlies, King, and Tanaka are partners sharing income 3:2:1.Afer the \'s loss from liquidation is dstribubed, the capital account baiances were: Netties, $18,000 Dr. King 64,000 r and Tanaka, $48,000 Cr. yNettieispenonahy barlegt and unable to pay any of the $18,000, what-il be the amout ofcash received by King and Tanaka upon nguldation, rananmune intro, enter in Q. Use the minus sign to indicate any deflicences partne deficency MacBook A

Solution

Nettles King Tanaka Capital Balances after realization -18000 66000 48000 Distribution of partner\'s deficiency 0 -12000 -6000 Capital Balances after deficiency distribution 0 54000 42000