If the noncash assets were sold for 234000 what amount of, Ask an Expert

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The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet:

Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $12,000.

If the noncash assets were sold for $234,000, what amount of the loss would have been allocated to Bartle?

A. $43,200.

B. $46,800.

C. $40,000.

D. $42,400.

E. $43,100.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946496

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