A local dental partnership has been liquidated and the final capital balances are
Abbas, capital (40% of all profits and losses) $ 67,000
Baptiste, capital (30%) 27,000
Krishna, capital (20%) (54,000)
Urias, capital (10%) (40,000)
Required:
If Urias contributes cash of $24,000 to the partnership, how would this amount be distributed to the other partners?
Abbas Baptiste Krishna Urias
Cash distribution $ 19,000 $ 0 $ 0 $ 0