Question: 2.2223 points Save Answer The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances: S Cash Noncash assets 90,000

 2.2223 points Save Answer The Henry, Isaac, and Jacobs partnership was

2.2223 points Save Answer The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances: S Cash Noncash assets 90,000 300,000 Liabilities IIcnry, capital Isaac, capital Jacobs, capital Total $ 60,000 80,000 110,000 140,000 $ 390,000 Total S 390,000 Estimated expenses of liquidation were $10,000. Henry, Isaac, and lacobs shared profits and losses in a ratio of 2:4:4. Before liquidating any assets, the partners determined the amount of safe cash and distributed it. The noncash assets were then sold for $120,000, and the liquidation expenses of $10,000 were paid. How much of the $120,000 would be distributed to Henry? $30,667. $24,000. $40,667. e here to search 3/27/2020 W

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