Mr X.,Mr.Y. and Mr. Z went through major partnership losses that forced them to decide on...

Transcribed Image Text:

Mr X.,Mr.Y. and Mr. Z went through major partnership losses that forced them to decide on liquidation. They sold all their assets, paid all their liabilities and ended up with net Revenue of $170000 to be distributed among the 3 partners each according to their contribution. Mr. X contributed $65000, Mr. Y contributed $53000 and Mr. Z contributed $25000. How much will Mr. Y receive? Mr X.,Mr.Y. and Mr. Z went through major partnership losses that forced them to decide on liquidation. They sold all their assets, paid all their liabilities and ended up with net Revenue of $170000 to be distributed among the 3 partners each according to their contribution. Mr. X contributed $65000, Mr. Y contributed $53000 and Mr. Z contributed $25000. How much will Mr. Y receive?

Answer rating: 100% (QA)

The each partner will receive is calculated as follows Total Contrib... View the full answer