Business, 15.04.2020 19:02 ahardy84

Alpha and beta are partners who share income in the ratio 1:2 and have capital balances of $40,000 and $70,000 at the time they decide to terminate teh partnership. after all non cash assets are sold and all liabilities are paid, there is a cash balance of $50,000. what amount of loss on realization should be allocated to alpha?

a. 60000
b. 20000
c. 30000
d. 50000

Answers: 3

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Alpha and beta are partners who share income in the ratio 1:2 and have capital balances of $40,000 a...

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