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The balance sheet given below is
presented for the partnership of
Jaber, Ashraf, and Malek:

Cash $
60,000

Liabilities $80,000

Other
Assets

150,000 Jaber,
Capital

80,000

Ashraf,
Capital

30,000

Malek,
Capital

20,000

Total $
210,000

Total $
210,000

The partners share profits and
losses in the ratio of 5:3:2,
respectively. The partners agreed
to dissolve the partnership after
selling the other assets for
$50,000. On dissolution of the
partnership, how much would
Jaber receive if Ashraf received
$12,000?

a. $ 0
b. $30,000
c. $25,000
d. $5,000

MathJax Example

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