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Mary ,Ann,and Tina formed a partnership with income-sharing ratios of 50%,30%,and 20%,respectinely.Cash of $300,000 was available after the partnership's assets were liquidated. Prior to the final distribution of cash,Mary's capital balance was $200,000,Ann's capital balance was $150,000,and Tina had a capital deficiency of $50,000.Assuming Tina contributes cash to match her capital deficiency,Mary should receive?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9434210

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