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A partnership
has the following capital balances: X (50 percent of profits and losses) = $150,000; Y (30 percent of profits and losses) = $120,000; Z (20 percent of profits and losses) = $80,000. If the partnership is to be liquidated and $30,000 becomes immediately available, who gets that money?
a. $0 to X, $18,000 to Y, $12,000 to Z.
b. $15,000 to X, $9,000 to Y, $6,000 to Z.
c. $12,800 to X, $8,600 to Y, $8,600 to Z.
d. $24,000 to X, $6,000 to Y, $0 to Z.
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