Before the final distribution of cash, account balances are: Cash $23,000; S. Penn, Capital $19,000 (Cr.); L.

Question:

Before the final distribution of cash, account balances are:

Cash $23,000; S. Penn, Capital $19,000 (Cr.); L. Pattison,

Capital $12,000 (Cr.); and M. Jeter, Capital $8,000 (Dr.).

Jeter is unable to pay any of the capital deficiency. If the income-sharing ratios are 5:3:2, respectively, how much cash should be paid to L. Pattison?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...