question archive On July 20,2015 , Chloe, Lucifer and Amenadiel from a partnership investing cash of 105,000; 94,500 and 29,400, respectively
On July 20,2015 , Chloe, Lucifer and Amenadiel from a partnership investing cash of 105,000; 94,500 and 29,400, respectively
Subject:FinancePrice: Bought3
On July 20,2015 , Chloe, Lucifer and Amenadiel from a partnership investing cash of 105,000; 94,500 and 29,400, respectively. The partners share profits 3:2:2 and on October 30, 2015, they have cash of 7,000; other assets of 322,500; and liabilities of 179,200. On this date , they decided to go out of business and sell all the assets for 210,000. Amenadiel has personal assets of 10,500 that may , if necessary, be used to meet partnership obligations. What is the amount received by partner Lucifer at the end of liquidation?
